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20-26 Fairfield Avenue, Nor...

Northeast Private Client Group Sells Multifamily Property In Norwalk, CT For $3.875M
SOLDMultiFamily

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

Robert Paterno

NorthEast Private Client Group

Broker

$125.1M

vol

24 deals

Broker

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