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CT 29 Washington Ave. LLC Acquires Hamden Multifamily For $2.1M

Property Image
SOLD
$2,100,000
Robert "Bob" Paterno
Richard (Rich) Edwards
Jeff Wright

Connecticut

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MultiFamily
Sold 03/02/2022
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Property Image
SOLD

CT 29 Washington Ave. LLC Acquires Hamden Multifamily For $2.1M

37 Washington Avenue, Hamden, Connecticut 06518, United States

See Similar Deals
MultiFamily
Sold 03/02/2022
Robert "Bob" Paterno
Richard (Rich) Edwards
Jeff Wright
the dealplayerscompscontact
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Summary

CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 29-37 Washington Ave in Hamden, CT has been sold for a total of $2,100,000. The property is part of a closed transaction.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,100,000
  • Address: 29-37 Washington Ave
  • Market: Hamden, CT

The buyer of the property is CT 29 Washington Ave. LLC, while the seller is Washington Park LLC. The transaction was facilitated by Brad Balletto, Rich Edwards, Jeff Wright, and Bob Paterno from Northeast Private Client Group.

Players

Robert "Bob" Paterno
NorthEast Private Client Group
Robert Paterno
24 deals$125.1M volume
BROKER
Jeff Wright
NorthEast Private Client Group
Jeff Wright
30 deals$138.9M volume
BROKER
Richard (Rich) Edwards
NorthEast Private Client Group
Richard Edwards
30 deals$150.9M volume
BROKER

Details

SOLD
IMAGE: Bob Paterno, Jeff Wright, Rich Edwards & Brad Balletto DATE: 03/02/2022 ADDRESS: 29-37 Washington Ave MARKET: Hamden, CT ASSET TYPE: Multifamily BUYER: CT 29 Washington Ave. LLC SELLER: Washington Park LLC BROKERS: Brad Balletto, Rich Edwards, Jeff Wright & Bob Paterno - Northeast Private Client Group SALE PRICE: $2,100,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$112,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86