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Northeast Private Client Group Brokers Sell Multifamily Portfolio In Hartford, CT For $16.5M

Property Image
SOLD
$16,500,000
Alex Burr
Taylor Perun

Connecticut

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MultiFamily
Sold 06/10/2022
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Property Image
SOLD

Northeast Private Client Group Brokers Sell Multifamily Portfolio In Hartford, CT For $16.5M

21 Ward Place, Hartford, Connecticut 06106, United States

See Similar Deals
MultiFamily
Sold 06/10/2022
Alex Burr
Taylor Perun
the dealplayerscompscontact
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Summary

CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Sale

The multifamily property located at 21 Ward Place, 66 Webster St., and 44 & 160 New Britain Ave in Hartford, CT, has been sold in a closed transaction. The sale was facilitated by Taylor Perun and Alex Burr of Northeast Private Client Group. The sale price for this transaction was $16,500,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $16,500,000
  • Location: 21 Ward Place, 66 Webster St., and 44 & 160 New Britain Ave, Hartford, CT
  • Market: Hartford, CT

Taylor Perun and Alex Burr, representing Northeast Private Client Group, played a pivotal role in the successful completion of this deal.

Players

Taylor Perun
NorthEast Private Client Group
Taylor Perun
16 deals$162.5M volume
BROKER
Alex Burr
NorthEast Private Client Group
Alex Burr
6 deals$92.3M volume
BROKER

Details

SOLD
IMAGE: Alex Burr & Taylor Perun DATE: 06/10/2022 ADDRESS: 21 Ward Place, 66 Webster St., & 44 & 160 New Britain Ave MARKET: Hartford, CT ASSET TYPE: Multifamily BROKERS: Taylor Perun (@TPerun17) & Alex Burr - Northeast Private Client Group (@NortheastPCG) SALE PRICE: $16,500,000

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$58,621.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$78,218.42
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