Marcus & Millichap Facilitates $6M Multifamily Sale In West Hartford, CT
SOLD
$6,000,100
Connecticut
See Similar DealsMultiFamily
Sold 03/18/2022
SOLD
Marcus & Millichap Facilitates $6M Multifamily Sale In West Hartford, CT
115 South Main Street, West Hartford, Connecticut 06107, United States
See Similar DealsMultiFamily
Sold 03/18/2022
Summary
CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$320,005.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,317.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.54
Annual Debt Service$341,322.42
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