Updated Sep 5, 2024
Berkshire Hathaway HomeServices Acquires Multifamily Property On Broad St. For $1.65M
538 Broad Street Hartford, CT 06106, USA
$1,650,000
Building Size
—
Asset Type
MultiFamily
Closing
Aug 18, 2023
About this deal
AI
The property located at 538-550 Broad St, in Hartford, CT, known as the Broad Street Twins, has been sold for a price of $1,650,000. The multifamily asset was represented in the transaction by Brandon Rush of Berkshire Hathaway Home Services - Cozzi Team.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Address: 538-550 Broad St
- Market: Hartford, CT
Brandon Rush of Berkshire Hathaway Home Services - Cozzi Team played a key role in the sale of the Broad Street Twins. He represented the seller in this transaction, which resulted in a successful sale at the price of $1.65 million.
Santa 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93