Carmine Marino Purchases West Haven Multifamily Property For $1 Million

The property asset involved in this transaction is a multifamily property located at 128 Campbell Avenue in West Haven, CT. The property consists of 8 units, with a price per unit (PPU) of $125,000. It spans over 5,273 square feet, with a price per square foot (PPSF) of $190. The property was sold for a total price of $1,000,000, resulting in a 5.96% capitalization rate.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,000,000
• Units: 8
• Price per Unit (PPU): $125,000
• Square Footage (SF): 5,273
• Price per Square Foot (PPSF): $190
• Capitalization Rate (CAP RATE): 5.96%

Carmine Marino acted as the buyer in this transaction, while Gerald and Beverly Zoarski were the sellers. The brokerage team representing the deal consisted of Kevin Scrima, Michael Scrima, and Thomas Gorman from Redwood Realty Advisors.