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194 Washington Street, Hart...

Lafayette Arms LLC Sells Multifamily Property In Hartford, CT For $9.6M
SOLDMultiFamily

Lafayette Arms LLC Sells Multifamily Property In Hartford, CT For $9.6M

194 Washington Street, Hartford, CT, USA

$9,575,000

$89/SF

Building Size

107,630 SF

Asset Type

MultiFamily

Closing

Feb 25, 2021

AI

Located at 194 Washington Street in Hartford, CT, this multifamily property was recently sold. With a total of 139 units, the property offers a spacious living environment for its residents. The sale, facilitated by broker Tom Boyle of Chozick Realty Inc., was finalized on February 26, 2021. The seller, Lafayette Arms LLC, successfully closed the transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $9,575,000
  • Address: 194 Washington Street
  • Market: Hartford, CT
  • Units: 139
  • Price per Unit: $68,885

This successful sale highlights the expertise and negotiation skills of broker Tom Boyle, who represented Lafayette Arms LLC in the transaction. Through the efforts of all parties involved, the property changed hands, providing both the buyer and seller with a beneficial outcome.

Players

Tom Boyle

Lee & Associates

Broker

$109.3M

vol

13 deals

Broker

Hartford 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

1.66%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93