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168 North Water Street, Gre...

Northeast Private Client Group Brokers Sell Multifamily Properties In Greenwich, CT For $3.6M
SOLDMultiFamily

Northeast Private Client Group Brokers Sell Multifamily Properties In Greenwich, CT For $3.6M

168 North Water Street, Greenwich, CT, USA

$3,575,000

$235/SF

Building Size

15,206 SF

Asset Type

MultiFamily

Closing

Jul 9, 2020

AI

Located in Greenwich, CT, the property at 168 & 180 North Water Street & 15 Beech Street has been sold in a recent transaction. This multifamily asset spans over 15,206 square feet and consists of 15 units. The property was sold for $3,575,000, resulting in a price per square foot of $235. The transaction was facilitated by Bradley Balletto, Jeff Wright, Rich Edwards, Robert Paterno, and John Lockhart from the Northeast Private Client Group.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,575,000
  • Square Footage: 15,206
  • Price per Square Foot: $235
  • Number of Units: 15

The deal was orchestrated by Bradley Balletto, Jeff Wright, Rich Edwards, Robert Paterno, and John Lockhart from the Northeast Private Client Group. Their expertise and experience played a crucial role in successfully closing the transaction. The property's prime location in Greenwich, CT, adds to its desirability and investment potential.

Players

Robert Paterno

NorthEast Private Client Group

Broker

$125.1M

vol

24 deals

Broker

Port Chester 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

4.44%

Cash-on-Cash

-1.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93