Updated Dec 4, 2024
Kumail Zar Acquires Multifamily Property On Trumbull Street, New Haven For $1.8M
46 Trumbull Street
$1,800,000
$269/SF
Building Size
6,674 SF
Asset Type
MultiFamily
Closing
Oct 24, 2023
About this deal
AI
A multifamily property located at 46 Trumbull Street in New Haven, CT, has been sold for a price of $1,800,000. The property consists of 8 units, with an average price per unit of $225,000. It spans across 6,674 square feet, with a price per square foot of $270.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Address: 46 Trumbull Street, New Haven, CT
- Units: 8
- Price per Unit: $225,000
- Square Footage: 6,674
- Price per Square Foot: $270
The investor, Kumail Zar, was involved in the purchase of the property. The seller in this transaction was Harris Bradford. The deal was facilitated by the broker, Jack Hill.
For any investment or lending opportunities, Kumail Zar can be contacted via email at [email protected].
Players
New Haven 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93