facebook
Traded Co logo
Submit
Daily limit: 0/10

Chozick Realty Sells 21-Unit Prospect Apartments In West Hartford For $1.9 Million

Property Image
SOLD
$1,900,000

Connecticut

See Similar Deals
MultiFamily
Sold 07/18/2025
the dealplayerscompscontact
Property Image
SOLD

Chozick Realty Sells 21-Unit Prospect Apartments In West Hartford For $1.9 Million

44 46 Prospect Avenue

See Similar Deals
MultiFamily
Sold 07/18/2025
the dealplayerscompscontact
Contact now

Summary

CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Sale

Prospect Apartments is a 21-unit multifamily property located at 44-46 Prospect Avenue in Hartford, CT. The property was sold for $1,900,000, equating to a price per unit of $90,476. It features a stable occupancy rate and presents value-add potential for new investors, with an in-place cap rate of 7.73% and potential to increase to 9.07% after renovations and rent increases.

Summary of transation details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,900,000
  • Units: 21
  • Price Per Unit: $90,476
  • Broker: Rick Chozick - Chozick Realty

Rick Chozick represented the seller in this transaction, enabling the sale of a well-maintained multifamily asset in a market characterized by strong investor interest. The successful negotiation reflects the appeal of properties with stable occupancy and potential for value enhancement in the region.

Players

Rick Chozick
Chozick Realty
Rick Chozick
8 deals$95.4M volume
BROKER
Chozick Realty
Chozick Realty
BROKERAGE

Details

SOLD
IMAGE: 07/18/2025 ADDRESS: 44-46 Prospect Avenue MARKET: Hartford, CT ASSET TYPE: MultiFamily BROKER: Rick Chozick - Chozick Realty SALE PRICE: $1,900,000 UNITS: 21 ~ PPU: $90,476 NOTE: Chozick Realty sold Prospect Apartments, a 21-unit property in West Hartford, for $1.9 million, reflecting strong investor interest driven by its stable occupancy and value-add potential. The property’s in-place cap rate is 7.73%, with upside to 9.07% after renovations and rent increases, highlighting demand for well-maintained multifamily assets in the region.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$101,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,750.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,006.97
Annual Debt Service$108,083.63