Updated Dec 4, 2024
Clarion Partners Acquires Multifamily Asset In Wilton, CT For $34.75M
25 River Road, Wilton, CT, USA
$34,750,000
$20,381/SF
Building Size
1,705 SF
Asset Type
MultiFamily
Closing
Jan 14, 2021
About this deal
AI
The multifamily property located at 25 River Road in Wilton, CT has been sold for a total price of $34,750,000. The sale took place on January 15, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $34,750,000
- Seller: AvalonBay Communities
- Buyer: Clarion Partners
- Brokers: Jeffrey Dunne, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin, & Stuart MacKenzie - CBRE
The seller of the property was AvalonBay Communities, while the buyer was Clarion Partners. The sale was facilitated by a team of brokers from CBRE, namely Jeffrey Dunne, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin, and Stuart MacKenzie.
Players
Wilton 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