Beachwold Residential Acquires Multifamily Property In Meriden, CT For $34.8M
211 Pomeroy Ave, Meriden, CT, USA
$34,800,000
$26,383/SF
Building Size
1,319 SF
Asset Type
MultiFamily
Closing
May 12, 2021
AI
A 180-unit multifamily property located at 211 Pomeroy Ave in Meriden, CT has been sold for a total of $34,800,000. The sale was completed on 05/13/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $34,800,000
- Address: 211 Pomeroy Ave, Meriden, CT
- Market: Meriden, CT
The seller, Phoenix Realty Group, sold the property to Beachwold Residential. The sale was facilitated by brokers Jeffrey Dunne, Simon Butler, Biria St. John, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin, and Travis Langer from CBRE.
Players
Meriden 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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93