FPA Multifamily Purchases 26 Bishop Lane Multifamily In Groton For $22.5M With David Wildes As The Broker
26 Bishop Lane
$22,500,000
$252/SF
Building Size
89,206 SF
Asset Type
MultiFamily
Closing
May 31, 2025
AI
The property asset involved in this transaction is a multifamily asset located at 26 Bishop Lane in Groton, CT. The total sale price for the property was $22,500,000. The asset comprises 107 units, with a price per unit of $210,280. The building features a total square footage of 89,206, reflecting a price per square foot of $252.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $22,500,000
- Units: 107
- Price Per Unit: $210,280
- Square Footage: 89,206
- Price Per Square Foot: $252
- Buyer: FPA Multifamily
- Seller: Soundview Equities
- Broker: David Wildes - Rosewood Realty Group
This transaction features key individuals and companies, including the buyer FPA Multifamily and the seller Soundview Equities. The brokerage representation was provided by David Wildes of Rosewood Realty Group, who facilitated the deal between the two parties.
Players
Groton 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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93