Northeast Private Client Group Sells Multifamily Property In Norwalk, CT For $3.875M
20-26 Fairfield Avenue, Norwalk, CT, USA
$3,875,000
$269/SF
Building Size
14,375 SF
Asset Type
MultiFamily
Closing
Jul 9, 2020
AI
Located at 20-26 Fairfield Avenue in Norwalk, CT, this multifamily property recently changed hands in a sale transaction. The sale was facilitated by Bradley Balletto, Jeff Wright, Rich Edwards, Robert Paterno, and John Lockhart of the Northeast Private Client Group. The sale took place on July 9, 2021, and the property consists of 21 units with a total square footage of 14,375. The sale price for this multifamily asset was $3,875,000. The price per square foot was calculated to be $270, while the price per unit came out to be $184,523.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,875,000
- Address: 20-26 Fairfield Avenue, Norwalk, CT
- Market: Norwalk, CT
- Brokers: Bradley Balletto, Jeff Wright, Rich Edwards, Robert Paterno, and John Lockhart - Northeast Private Client Group
- Square Footage: 14,375
- Price per Square Foot: $270
- Number of Units: 21
- Price per Unit: $184,523
The involvement of Bradley Balletto, Jeff Wright, Rich Edwards, Robert Paterno, and John Lockhart from the Northeast Private Client Group was instrumental in completing this transaction. These individuals and their agency worked together to facilitate the sale of this multifamily property in Norwalk, CT.
Players
Norwalk MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.09%
Cash-on-Cash
-1.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93