Alexa Group & Shelbourne International Acquire Multifamily Property In Hartford, CT For $22M
50 Morgan Street North, Hartford, CT, USA
$22,000,000
$86/SF
Building Size
254,458 SF
Asset Type
MultiFamily
Closing
Jun 15, 2020
AI
Located at 50 Morgan St in Hartford, CT, this recently sold multifamily property has garnered attention in the real estate market. The property consists of 260 units, making it a significant investment opportunity.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $22,000,000
- Date: 06/15/2021
- Sellers: DW Capital
- Buyers: Alexa Group & Shelbourne International
- Brokers: Rick Chozick & Tom Boyle - Chozick Realty
- Market: Hartford, CT
The sale of this property was successfully facilitated by Rick Chozick and Tom Boyle, representing Chozick Realty. Their expertise in the market played a pivotal role in bringing together the sellers, DW Capital, and the buyers, Alexa Group & Shelbourne International. The deal was completed on 06/15/2021, resulting in a sale price of $22,000,000.
Players
Hartford MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93