Nicoll St. Paddock LLC & Nicoll Street East 37 LLC Acquires Multifamily In New Haven, CT For $2.1M
258 Nicoll Street, New Haven, Connecticut 06511, United States
$2,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 1, 2022
AI
Nicoll St. Paddock LLC and Nicoll Street East 37 LLC have acquired the multifamily property located at 245-258 Nicoll St in New Haven, CT. The property was sold by NHRG V LLC. The transaction, facilitated by Brad Balletto, Rich Edwards, Jeff Wright, and Bob Paterno of Northeast Private Client Group, had a sale price of $2,100,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Address: 245-258 Nicoll St, New Haven, CT
- Market: New Haven, CT
The buyer, Nicoll St. Paddock LLC and Nicoll Street East 37 LLC, have successfully completed the acquisition of the multifamily property. The sale was brokered by Brad Balletto, Rich Edwards, Jeff Wright, and Bob Paterno, representing Northeast Private Client Group.
Players
New Haven 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93