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32 Cook Avenue

Chozick Realty Brokers $8.5 Million Sale Of 71-Unit Multifamily Asset In Meriden CT
SOLDMultiFamily

Chozick Realty Brokers $8.5 Million Sale Of 71-Unit Multifamily Asset In Meriden CT

32 Cook Avenue

$8,500,000

Building Size

Asset Type

MultiFamily

Closing

Apr 28, 2025

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:

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.

Players

Steve Pappas

Chozick Realty

Broker

$82.3M

vol

11 deals

Broker

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