Northeast Private Client Group Brokers Sell Multifamily Portfolio In Hartford, CT For $16.5M
21 Ward Place, Hartford, Connecticut 06106, United States
$16,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 9, 2022
AI
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
Hartford MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93