Updated Sep 9, 2024
Northeast Private Client Group Sells Multifamily Property In Norwalk, CT For $2.2M
38-40 Glenwood Ave, Norwalk, Connecticut 06854, United States
$2,195,000
Units
10
Asset Type
MultiFamily
Closing
Mar 1, 2022
About this deal
AI
The multifamily property located at 38-40 Glenwood Ave in Norwalk, CT has been sold for a transaction amount of $2,195,000. This property consists of 10 units, resulting in a price per unit of $219,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,195,000
- Address: 38-40 Glenwood Ave, Norwalk, CT
- Market: Norwalk, CT
- Brokers: Rich Edwards, Jeff Wright & Patrick Hegarty - Northeast Private Client Group
- Units: 10
- Price per Unit: $219,500
Rich Edwards, Jeff Wright, and Patrick Hegarty of Northeast Private Client Group played a key role in representing the parties involved in this transaction.
Players
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
7.23%
Cash-on-Cash
-2.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93