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

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SOLD
$8,200,000

Connecticut

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MultiFamily
Sold 03/06/2025
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Property Image
SOLD

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

62 Treat Street

See Similar Deals
MultiFamily
Sold 03/06/2025
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Summary

CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Sale

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
30 deals$138.9M volume
BROKER

Bradley (Brad) Balletto
NorthEast Private Client Group
14 deals$150.9M volume(203) 307-1574
BROKER

Details

SOLD
IMAGE: 03/06/2025 ADDRESS: 62 Treat Street MARKET: West Haven, CT ASSET TYPE: MultiFamily BROKERS: Bradley (Brad) Balletto & Jeff Wright - NorthEast Private Client Group SALE PRICE: $8,200,000 UNITS: 63 ~ PPU: $130,159 NOTE: Northeast Private Client Group has closed the $8.2 million sale of Crestview, a 63-unit apartment complex in West Haven, Connecticut. The property features one-bedroom units and a pool, with NEPCG's Brad Balletto and Jeff Wright facilitating the deal between an unnamed Massachusetts seller and a Connecticut buyer.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,132.88
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