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33 Woodbury Avenue

Northeast Private Client Group Facilitates $3.6M Sale Of Multifamily Properties In Norwalk & Bridgeport, CT
SOLDMultiFamily

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

Robert Paterno

NorthEast Private Client Group

Broker

$125.1M

vol

24 deals

Broker

Norwalk 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

4.41%

Cash-on-Cash

-1.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93