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20-28 Otis St, Manchester, ...

Chozick Realty Facilitates $1.85M Sale Of Multifamily Property In Manchester, CT
SOLDMultiFamily

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

Steve Pappas

Chozick Realty

Broker

$82.3M

vol

11 deals

Broker

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