Chozick Realty Facilitates $3.3M Sale Of Multifamily Property In Hartford, CT
SOLD
$3,325,000
Connecticut
See Similar DealsMultiFamily
Sold 03/18/2022
SOLD
Chozick Realty Facilitates $3.3M Sale Of Multifamily Property In Hartford, CT
37 Kenyon Street, Hartford, Connecticut 06105, United States
See Similar DealsMultiFamily
Sold 03/18/2022
Summary
CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 37 Kenyon St and 4 Atwood St in Hartford, CT. The sale occurred at a price of $3,325,000, with a total of 38 units, resulting in a price per unit of $87,500.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,325,000
- Units: 38
- Price Per Unit: $87,500
- Broker: Tess Cullen - Chozick Realty
- Sale Date: 03/18/2022
Tess Cullen from Chozick Realty represented the seller in this transaction. The deal reflects a significant multifamily property exchange in the Hartford real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$177,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,813.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,762.20
Annual Debt Service$189,146.36
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