Updated Dec 21, 2023
Brad Balletto Brokers $4.1M Sale Of 53-Unit Multifamily Property In New Britain, CT
12 Washington St, New Britain, CT, USA
$4,100,000
$10,933/SF
Building Size
375 SF
Asset Type
MultiFamily
Closing
Sep 28, 2021
About this deal
AI
A multifamily property located at 12 Washington St in New Britain, CT has been sold for a sale price of $4,100,000. The transaction took place on 09/28/2021. The property consists of 53 units, resulting in a price per unit of $77,358. The capitalization rate for this transaction is 7.35%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Address: 12 Washington St
- Market: New Britain, CT
- Units: 53
- Price per Unit: $77,358
- Capitalization Rate: 7.35%
The sale of this multifamily property was facilitated by Brad Balletto from Northeast Private Client Group.
Players
New Britain 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93