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258 Nicoll Street, New Have...

Nicoll St. Paddock LLC & Nicoll Street East 37 LLC Acquires Multifamily In New Haven, CT For $2.1M
SOLDMultiFamily

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

Robert Paterno

NorthEast Private Client Group

Broker

$125.1M

vol

24 deals

Broker

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