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
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