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Chozick Realty Facilitates $6.5M Multifamily Sale In West Hartford, CT

Property Image
SOLD
$6,500,000

Connecticut

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MultiFamily
Sold 08/19/2022
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Property Image
SOLD

Chozick Realty Facilitates $6.5M Multifamily Sale In West Hartford, CT

5 Highland Street, West Hartford, Connecticut 06119, United States

See Similar Deals
MultiFamily
Sold 08/19/2022
Contact now

Summary

CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Sale

A multifamily property located at 5 Highland St in West Hartford, CT has been sold for a price of $6,500,000. The property consists of 39 units, with a price per unit of $166,667.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,500,000
  • Units: 39
  • Price Per Unit: $166,667
  • Address: 5 Highland St, West Hartford, CT

The sale was facilitated by Tom Boyle and Steve Pappas of Chozick Realty, who represented the buyer and seller in the transaction.

Players

Steve Pappas
11 deals$82.3M volume
BROKER

Tom Boyle
Lee & Associates
13 deals$109.3M volume(773) 355-5079
BROKER

Details

SOLD
IMAGE: Steve Pappas & Tom Boyle DATE: 08/19/2022 ADDRESS: 5 Highland St MARKET: West Hartford, CT ASSET TYPE: Multifamily BROKERS: Tom Boyle & Steve Pappas - Chozick Realty SALE PRICE: $6,500,000 UNITS: 39 ~ PPU: $166,667

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$346,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79