Updated Oct 28, 2024
SMB Hillside LLC Acquires 66-Unit Waterbury Multifamily For $4.5M
170 Hillside Avenue, Waterbury, Connecticut 06710, United States
$4,500,000
Units
66
Asset Type
MultiFamily
Closing
Aug 23, 2022
About this deal
AI
SMB Hillside LLC has acquired a multifamily property located at 170 Hillside Ave in Waterbury, CT. The property sits on a 1.5-acre lot and consists of 66 units. The transaction was completed on August 24, 2022, with a sale price of $4,500,000. This translates to a price per unit of $68,182.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,500,000
- Address: 170 Hillside Ave, Waterbury, CT
- Market: Waterbury, CT
- Acres: 1.5
- Buyer: SMB Hillside LLC
- Seller: MH Hillside LLC
- Units: 66
- Price per Unit: $68,182
The transaction involved the buyer, SMB Hillside LLC, and the seller, MH Hillside LLC. The deal was finalized without any additional information available.
Players
Waterbury 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93