Chozick Realty Sells 176 Apartment Units In Hartford Multifamily Deal For $12.925M
115-141 South Marshall Street
$12,925,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 19, 2024
AI
This multifamily asset is located at 115-141 South Marshall Street in Hartford, CT, consisting of 176 apartment units. The transaction was finalized for a sale price of $12,925,000, resulting in a price per unit of $73,438.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $12,925,000
- Units: 176
- Price Per Unit: $73,438
- Date of Sale: 07/19/2024
- Market: Hartford, CT
The deal was facilitated by brokers Steve Pappas and Jordan Pinto from Chozick Realty. Their involvement highlights the strong demand and investment potential in Hartford's Asylum Hill neighborhood rental housing market.
Players
Hartford MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.23%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93