Northeast Private Client Group Facilitates $3.6M Sale Of Multifamily Properties In Norwalk & Bridgeport, CT
33 Woodbury Avenue & 1421 Fairfield Ave
$3,600,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 30, 2023
AI
Northeast Private Client Group (NEPCG) facilitated the $3.6 million sale of two multifamily properties in southern coastal Connecticut. The properties, located at 33 Woodbury Avenue in Norwalk and 1421 Fairfield Avenue in Bridgeport, are part of the multifamily asset class. The sale price for both properties is $3,600,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Address: 33 Woodbury Avenue, Norwalk and 1421 Fairfield Avenue, Bridgeport
- Market: Norwalk and Bridgeport, CT
The sale was facilitated by Bradley Balletto, Chris Bierezowiec, Jeff Wright, Patrick Hegarty, Richard Edwards, and Robert Paterno of NorthEast Private Client Group. They served as the brokers responsible for representing the parties involved in the transaction. The sale marks another successful deal for NEPCG, showcasing their expertise in the southern coastal Connecticut market.
Players
Norwalk MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93