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5 Manila Avenue, Hamden, Co...

The Metro North Investment Sells Hamden, CT Multifamily For $1,975,000
SOLDMultiFamily

The Metro North Investment Sells Hamden, CT Multifamily For $1,975,000

5 Manila Avenue, Hamden, Connecticut 06514, United States

$1,975,000

Building Size

Asset Type

MultiFamily

Closing

Jun 16, 2022

AI

The multifamily property located at 5 Manila Avenue in Hamden, CT has been sold for a price of $1,975,000. The property is situated in a desirable market, providing an attractive investment opportunity.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,975,000
  • Address: 5 Manila Avenue, Hamden, CT
  • Market: Hamden, CT

The Metro North Investment, represented by Brad Balletto, Rich Edwards, Jeff Wright, and Bob Paterno, facilitated the transaction as the brokers involved in the deal.

The successful sale of this multifamily property highlights the expertise and dedication of Brad Balletto, Rich Edwards, Jeff Wright, and Bob Paterno from The Metro North Investment. Their exceptional skills in the real estate market have led to the successful conclusion of this transaction.

Players

Jeff Wright

NorthEast Private Client Group

Broker

$138.9M

vol

30 deals

Broker

Hamden 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

8.03%

Cash-on-Cash

-2.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93