Chozick Realty Facilitates $6.5M Multifamily Sale In West Hartford, CT
SOLD
Connecticut
See Similar DealsMultiFamily
Sold 08/19/2022
SOLD
Chozick Realty Facilitates $6.5M Multifamily Sale In West Hartford, CT
5 Highland Street, West Hartford, Connecticut 06119, United States
See Similar DealsMultiFamily
Sold 08/19/2022
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.
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Deal Type
30 years
10 years
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
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