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59 Sumner Street

Rick Chozick & Steve Pappas Of Chozick Realty Broker $6.7M Sale Of 80-Unit Multifamily In Hartford
SOLDMultiFamily

Rick Chozick & Steve Pappas Of Chozick Realty Broker $6.7M Sale Of 80-Unit Multifamily In Hartford

59 Sumner Street

$6,700,000

Building Size

Asset Type

MultiFamily

Closing

Aug 25, 2025

AI

The transaction involves the sale of Sumner House Apartments, an 80-unit multifamily property located at 59 Sumner Street in Hartford, CT. This property was built in 1970 and features a mix of studios, one-bedroom, two-bedroom units, and a three-bedroom penthouse. The sale price for the property was $6,700,000, with a price per unit of $83,750.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,700,000
  • Units: 80
  • Price per Unit: $83,750
  • Address: 59 Sumner Street
  • Market: Hartford, CT

Rick Chozick and Steve Pappas from Chozick Realty represented the transaction, facilitating the sale of the property in the Asylum Hill neighborhood. Their efforts contributed to the successful closing of this multifamily asset.

Players

Steve Pappas

Chozick Realty

Broker

$82.3M

vol

11 deals

Broker
Chozick Realty
Chozick RealtyBrokerage

Hartford 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

2.37%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93