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
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