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Northeast Private Client Group Acquires Multifamily Property In Meriden, CT For $2.4M

Property Image
SOLD
$2,400,000
Alex Burr
Taylor Perun

Connecticut

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MultiFamily21,500 SF
Sold 05/20/2022
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Property Image
SOLD

Northeast Private Client Group Acquires Multifamily Property In Meriden, CT For $2.4M

130 Bradley Avenue, Meriden, Connecticut 06451, United States

See Similar Deals
MultiFamily21,500 SF
Sold 05/20/2022
Alex Burr
Taylor Perun
the dealplayerscompscontact
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Summary

CONNECTICUT
Asset Type:MultiFamily
Price Per Square Foot:$111
Total Square Footage:21,500 SF
Transaction Type:Sale

The multifamily property located at 130 Bradley Ave in Meriden, CT has been sold for $2,400,000. The property consists of 23 units with an average price per unit of $104,348. The total square footage of the property is 21,500, with a price per square foot of $112.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,400,000
  • Units: 23
  • Price per Unit: $104,348
  • Total Square Footage: 21,500
  • Price per Square Foot: $112
  • Market: Meriden, CT

The sale was facilitated by Taylor Perun and Alex Burr of Northeast Private Client Group.

Players

Taylor Perun
NorthEast Private Client Group
Taylor Perun
16 deals$162.5M volume
BROKER
Alex Burr
NorthEast Private Client Group
Alex Burr
6 deals$92.3M volume
BROKER

Details

SOLD
IMAGE: Alex Burr & Taylor Perun DATE: 05/20/2022 ADDRESS: 130 Bradley Ave MARKET: Meriden, CT ASSET TYPE: Multifamily BROKERS: Taylor Perun (@TPerun17) & Alex Burr - Northeast Private Client Group (@NortheastPCG) SALE PRICE: $2,400,000 UNITS: 23 ~ PPU: $104,348 SF: 21,500 ~ PPSF: $112

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
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