Greystone Management Group Acquires Multifamily And Condos From West Haven Housing Authority For $3.8M
55 Glade Street, 57 Glade Street, 59 Glade Street & 63 Glade St West Haven
$3,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 26, 2025
AI
A 29-unit apartment building and nine condos were sold at 55, 57, 59 & 63 Glade Street in West Haven, CT. The total sale price for the multifamily and condo property was $3,800,000.
Summary of transaction details:
- Property Type: Multifamily & Condo
- Transaction Amount: $3,800,000
- Buyer: Greystone Management Group
- Seller: West Haven Housing Authority
- Broker: Fred Messore - Colonial Properties
- Legal Representative for Seller: Karen Kravetz
- Legal Representative for Buyer: Elliot Steinmetz
The transaction involved Greystone Management Group acquiring the real estate assets from the West Haven Housing Authority, with the deal facilitated by broker Fred Messore of Colonial Properties, ensuring proper representation for both parties.
Players
West Haven 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93