Updated Sep 9, 2024
Lakeshore Realty Sells Multifamily Property In New Britain, CT For $1.5M
156-164 Washington Street, New Britain, CT, USA
$1,500,000
$90/SF
Building Size
16,536 SF
Asset Type
MultiFamily
Closing
Oct 28, 2021
About this deal
AI
The multifamily property located at 156-164 Washington Street in New Britain, CT has been sold in an off-market transaction. The sale was facilitated by Lakeshore Realty, who represented the seller and procured the buyer.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,500,000
- Units: 18
- Price Per Unit: $83,333
- CAP: 7.5%
Alban Dedvukaj from Lakeshore Realty served as the buyer's representative, while Nick Selca, also from Lakeshore Realty, acted as the seller's representative in this closed transaction. For individuals or companies interested in exploring investment opportunities in the New York, Connecticut, or Massachusetts markets, they can contact @nickyselca or @adedvukaj for further information.
On the Map
$1,500,000
$90/SF
MultiFamily
View full map
Players
New Britain MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Nick Selca to view all their deals.
Browse Connecticut multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93