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62 Treat Street

Massachusetts Seller And Connecticut Buyer Close $8.2 Million Sale Of 63-Unit Crestview Apartment Complex
SOLDMultiFamily

Massachusetts Seller And Connecticut Buyer Close $8.2 Million Sale Of 63-Unit Crestview Apartment Complex

62 Treat Street

$8,200,000

Building Size

Asset Type

MultiFamily

Closing

Mar 6, 2025

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.

Players

Jeff Wright

NorthEast Private Client Group

Broker

$138.9M

vol

30 deals

Broker

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