SOLDMultiFamily
Yellowstone Property Group Acquires Multifamily Property In Norwalk, CT For $48.65M
41 Wolfpit Avenue, Norwalk, Connecticut 06851, United States
$48,650,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 28, 2022
AI
Yellowstone Property Group has acquired a multifamily property located at 41 Wolfpit Avenue in Norwalk, CT. The transaction, which took place on December 28, 2022, involved the sale of the property by Norpointe LLC.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $48,650,000
- Units: 164
- Price Per Unit: $296,646
- Address: 41 Wolfpit Avenue, Norwalk, CT
- Market: Norwalk, CT
The sale was facilitated by CBRE brokers Jeff Dunne, Eric Apfel, and Stuart MacKenzie.
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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93