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26 Bishop Lane

FPA Multifamily Purchases 26 Bishop Lane Multifamily In Groton For $22.5M With David Wildes As The Broker
SOLDMultiFamily

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

David Wildes

Rosewood Realty Group

Broker

$340.1M

vol

16 deals

Broker
Rosewood Realty Group
Rosewood Realty GroupBrokerage
FPA Multifamily
FPA MultifamilyBuyer

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