Chozick Realty Arranges $3 Million Sale Of 40-Unit Multifamily Property In Mansfield
$3,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 15, 2026
AI
The property involved in the transaction is Eagle Court Apartments, located at 6 Eagle Court, Mansfield, CT. This multifamily asset includes 40 units and is categorized as student housing, specifically serving students at the University of Connecticut. The sale price for the property was $3,000,000, which equates to a price per unit of $75,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Units: 40
- Price Per Unit: $75,000
- Broker: Thomas Boyle - Chozick Realty
Chozick Realty facilitated the transaction, representing the interests involved in the sale of the 40-bed student housing property. Thomas Boyle was the broker responsible for aligning the buyer and seller in this significant real estate deal.
Players
Market 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93