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122 Pleasant View Street

Chozick Realty Facilitates $30M Sale Of 102-Unit Multifamily Property In Griswold, CT
SOLDMultiFamily

Chozick Realty Facilitates $30M Sale Of 102-Unit Multifamily Property In Griswold, CT

122 Pleasant View Street

$30,000,000

Building Size

Asset Type

MultiFamily

Closing

Nov 3, 2023

AI

Pleasant View Estates, a 102-unit newly constructed multifamily property located at 122 Pleasant View Street in Griswold, Connecticut, has been sold for a price of $30,000,000. The sale was facilitated by Chozick Realty, a local brokerage firm.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $30,000,000
  • Address: 122 Pleasant View Street, Griswold, CT
  • Market: Griswold, CT
  • Broker: Rick Chozick - Chozick Realty

Chozick Realty played a significant role in overseeing the transaction of Pleasant View Estates. This multifamily property, situated near the Connecticut-Rhode Island border, offers modern amenities and was a newly constructed development at the time of the sale.

Players

Rick Chozick

Chozick Realty

Broker

$95.4M

vol

8 deals

Broker

Jewett City 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

0.53%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93