Updated Oct 29, 2024
Yellowstone Property Group Acquires Multifamily Property In Norwalk, CT For $48.65M
41 Wolfpit Avenue, Norwalk, Connecticut 06851, United States
$48,650,000
Units
164
Asset Type
MultiFamily
Closing
Dec 28, 2022
About this deal
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.
The multifamily sale at 41 Wolfpit Avenue, Norwalk, Connecticut 06851, United States in Norwalk, Connecticut sold for $48.7M in 2022. Reported inventory is 164 units across 164 units. Stuart MacKenzie, Jeffrey Dunne, Eric Apfel, CBRE appear on the sale alongside CBRE. This page is the Norwalk, Connecticut file for the 41 Wolfpit Avenue, Norwalk, Connecticut 06851, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Norwalk sit in the Market section below. Filter that Norwalk multifamily set by closing date to see what else sold near 41 Wolfpit Avenue, Norwalk, Connecticut 06851, United States around 2022. Published consideration for 41 Wolfpit Avenue, Norwalk, Connecticut 06851, United States is $48.7M, dated 2022. Cite this Yellowstone Property Group Acquires Multifamily Property In Norwalk, CT For $48.65M sale when underwriting similar multifamily product around Norwalk, Connecticut.
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
0.33%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93