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115 South Main Street, West...

Marcus & Millichap Facilitates $6M Multifamily Sale In West Hartford, CT
SOLDMultiFamily

Marcus & Millichap Facilitates $6M Multifamily Sale In West Hartford, CT

115 South Main Street, West Hartford, Connecticut 06107, United States

$6,000,100

Building Size

Asset Type

MultiFamily

Closing

Mar 17, 2022

AI

The multifamily property located at 115 S Main Street in West Hartford, CT has been sold. The transaction took place on 03/18/2022.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $6,000,100
  • Number of Units: 24
  • Price Per Unit: $250,004
  • Market: West Hartford, CT

The property was listed by brokers Victor Nolletti and Gary Witten from Marcus & Millichap.

Victor Nolletti and Gary Witten represented the buyer and seller in the deal. They played a crucial role in facilitating the transaction.

Players

Victor Nolletti

Institutional Property Advisors

Broker

$531.6M

vol

13 deals

Broker

West 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

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93