Chozick Realty Facilitates $1.85M Sale Of Multifamily Property In Manchester, CT
20-28 Otis St, Manchester, Connecticut, USA
$1,850,000
$94/SF
Building Size
19,632 SF
Asset Type
MultiFamily
Closing
Jul 16, 2020
AI
A multifamily property located at 20-28 Otis St in Manchester, CT has been sold for a total of $1,850,000. The property consists of 15 units, resulting in an average price per unit of $123,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Address: 20-28 Otis St, Manchester, CT
- Market: Manchester, CT
- Brokers: Rick Chozick & Steve Pappas - Chozick Realty
- Units: 15
- Price Per Unit: $123,333
The sale of this multifamily property was facilitated by Rick Chozick & Steve Pappas from Chozick Realty. They played a pivotal role in representing the buyer and/or seller in this transaction.
Players
Manchester 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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93