Chozick Realty Facilitates $1.85M Sale Of Multifamily Property In Manchester, CT
SOLD
$1,850,000
Connecticut
See Similar DealsMultiFamily19,632 SF
Sold 07/16/2020
SOLD
Chozick Realty Facilitates $1.85M Sale Of Multifamily Property In Manchester, CT
20-28 Otis St, Manchester, Connecticut, USA
See Similar DealsMultiFamily19,632 SF
Sold 07/16/2020
Summary
CONNECTICUT
Asset Type:MultiFamily
Price Per Square Foot:$94
Total Square Footage:19,632 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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