Updated May 12, 2025
Chozick Realty Brokers $8.5 Million Sale Of 71-Unit Multifamily Asset In Meriden CT
32 Cook Avenue
$8,500,000
Units
71
Asset Type
MultiFamily
Closing
Apr 28, 2025
About this deal
AI
The transaction involves a multi-family property located at 32 Cook Avenue, Meriden, CT. The asset consists of a fully occupied 71-unit apartment building, which was sold for $8,500,000, resulting in a price per unit of $119,718.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $8,500,000
- Units: 71
- Price Per Unit: $119,718
- Broker: Steve Pappas - Chozick Realty
- Sale Date: 04/28/2025
Chozick Realty served as the brokerage firm for this transaction, assisting in the successful sale of the apartment building, further highlighting their role in the real estate market of Meriden, Connecticut.
On the Map
$8,500,000
MultiFamily
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Meriden 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93