Northeast Private Client Group Acquires Multifamily Property In Meriden, CT For $2.4M
130 Bradley Avenue, Meriden, Connecticut 06451, United States
$2,400,000
$111/SF
Building Size
21,500 SF
Asset Type
MultiFamily
Closing
May 19, 2022
AI
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
Meriden MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93