Updated Mar 6, 2025
Massachusetts Seller And Connecticut Buyer Close $8.2 Million Sale Of 63-Unit Crestview Apartment Complex
62 Treat Street
$8,200,000
Units
63
Asset Type
MultiFamily
Closing
Mar 6, 2025
About this deal
AI
The asset involved in the transaction is a multi-family apartment complex located at 62 Treat Street, West Haven, CT. The property was sold for $8,200,000 and includes a total of 63 units, yielding a price per unit of $130,159. The complex features one-bedroom units and includes a pool.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $8,200,000
- Units: 63
- Price Per Unit: $130,159
- Address: 62 Treat Street
- Market: West Haven, CT
The sale was facilitated by brokers Brad Balletto and Jeff Wright from NorthEast Private Client Group. They represented the unnamed seller from Massachusetts and the buyer located in Connecticut, overseeing the successful completion of the transaction.
On the Map
$8,200,000
MultiFamily
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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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93