Eminent Capital Acquires 96-Unit Multifamily Property From The Richman Group In Middletown CT
60 Ferry Street
Building Size
139,268 SF
Asset Type
MultiFamily
Closing
Jan 25, 2026
AI
The property asset involved in the transaction is a multifamily building located at 60 Ferry Street in Middletown, CT. The asset encompasses 96 units and spans a total of 139,268 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not specified
- Units: 96
- Square Footage: 139,268
- Buyer: Eminent Capital
- Seller: The Richman Group of Companies
- Brokers: Steven Roth, Mike Kerwin & Brandon Mendelsohn - Rosewood Realty Group
- Transaction Date: 1/26/2026
The deal was brokered by Steven Roth, Mike Kerwin, and Brandon Mendelsohn from Rosewood Realty Group, representing both the buyer, Eminent Capital, and the seller, The Richman Group of Companies.
Players
Middletown 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93