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

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SOLD
$30,000,000

Connecticut

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MultiFamily
Sold 11/03/2023
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Property Image
SOLD

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

122 Pleasant View Street

See Similar Deals
MultiFamily
Sold 11/03/2023
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Summary

CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Sale

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
8 deals$95.4M volume
BROKER

Rick Chozick
Chozick Realty
8 deals$95.4M volume
BROKER

Details

SOLD
IMAGE: Rick Chozick DATE: 11/03/2023 ADDRESS: 122 Pleasant View Street MARKET: Griswold, CT ASSET TYPE: Multifamily BROKER: Rick Chozick - Chozick Realty SALE PRICE: $30,000,000 NOTE: Chozick Realty, a local brokerage firm, facilitated the $30 million sale of Pleasant View Estates, a 102-unit newly constructed multifamily property in Griswold near the Connecticut-Rhode Island border.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,600,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66