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46 Trumbull Street

Updated Dec 4, 2024

Kumail Zar Acquires Multifamily Property On Trumbull Street, New Haven For $1.8M
SOLDMultiFamily

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

Jack Hill

Broker

$1.8M

vol

1 deal

Broker

New Haven MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $269 per square foot on a published $1.8M for 6,674 square feet (2023).

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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

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