Updated Oct 29, 2024
Phoenix Apartments LLC Sells Multifamily Property In Groton, CT For $10.5M With Brokers Steve Pappas & Tom Boyle - Chozick Realty Inc
355 Long Hill Road, Groton, CT, USA
$10,500,000
$34/SF
Building Size
307,969 SF
Asset Type
MultiFamily
Closing
Dec 17, 2020
About this deal
AI
The multifamily property at 355 Long Hill Road in Groton, CT has been sold for $10,500,000. The transaction took place on December 18, 2020. The property consists of 96 units, with a price per unit of $109,375.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,500,000
- Date of Transaction: 12/18/2020
- Address: 355 Long Hill Road, Groton, CT
The seller of the property was Phoenix Apartments LLC. The brokers representing the seller in the deal were Steve Pappas and Tom Boyle from Chozick Realty Inc.
On the Map
$10,500,000
$34/SF
MultiFamily
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Groton 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93