Updated Jul 22, 2025
Chozick Realty Sells 21-Unit Prospect Apartments In West Hartford For $1.9 Million
44 46 Prospect Avenue
$1,900,000
Units
21
Asset Type
MultiFamily
Closing
Jul 18, 2025
About this deal
AI
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.
On the Map
$1,900,000
MultiFamily
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Players
Hartford 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93