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
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