Suffield West Apartments LLC Sells Multifamily In Suffield, CT For $13M
SOLD
$13,000,000
Connecticut
See Similar DealsMultiFamily
Sold 10/21/2022
SOLD
Suffield West Apartments LLC Sells Multifamily In Suffield, CT For $13M
2 Harmon Dr, Suffield, Connecticut 06078, United States
See Similar DealsMultiFamily
Sold 10/21/2022
Summary
CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 2 Harmon Dr in Suffield, CT has been sold for a total price of $13,000,000. The sale took place on 10/21/2022. This property consists of 84 units, making the price per unit $154,762. The seller of this property was Suffield West Apartments LLC.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,000,000
- Address: 2 Harmon Dr, Suffield, CT
- Market: Suffield, CT
- Units: 84
- Price per Unit (PPU): $154,762
The brokers involved in this transaction were Tess Cullen and Jordan Pinto from Chozick Realty Inc, representing Suffield West Apartments LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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