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130 Bradley Avenue, Meriden...

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

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

Taylor Perun

NorthEast Private Client Group

Broker

$162.5M

vol

16 deals

Broker

Meriden 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

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93