Updated Oct 28, 2024
Cue Residential Acquires Multifamily Properties In New Haven & Hamden, CT For $48.9M
152 Temple Street, New Haven, Connecticut 06510, United States
$48,900,000
Units
234
Asset Type
MultiFamily
Closing
Jun 29, 2022
About this deal
AI
A multifamily property located at 152 Temple St, 169 School St, and 200 Evergreen Ave in New Haven and Hamden, CT, has been sold for a total price of $48,900,000. The property consists of a total of 234 units, with a price per unit of $208,974.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $48,900,000
- Units: 234
- Price per Unit: $208,974
- Market: New Haven & Hamden, CT
The buyer of the property is Cue Residential, while the seller is Beachwold Residential. The transaction was facilitated by Victor Nolletti, Eric Pentore, and Wes Klockner of Institutional Property Advisors acting as brokers on behalf of the parties involved.
On the Map
$48,900,000
MultiFamily
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Players
New Haven MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $209K per unit across 234 units on a published $48.9M (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93