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115-141 South Marshall Street

Chozick Realty Sells 176 Apartment Units In Hartford Multifamily Deal For $12.925M
SOLDMultiFamily

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

Steve Pappas

Chozick Realty

Broker

$82.3M

vol

11 deals

Broker

Hartford MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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