Updated Oct 28, 2024
Shlomo Katz & Shloime Rosenberg Purchase Multifamily Property On Whitney Ave, New Haven, CT For $18.5M
703 Whitney Avenue, New Haven, Connecticut 06511, United States
$18,500,000
$1,277/SF
Building Size
14,477 SF
Asset Type
MultiFamily
Closing
Mar 6, 2022
About this deal
AI
A multifamily property located at 703 Whitney Ave in New Haven, CT has been sold for a total of $18,500,000. The property consists of 42 units, resulting in a price per unit of $440,476.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $18,500,000
- Address: 703 Whitney Ave
- Market: New Haven, CT
The buyers of the property are Shlomo Katz and Shloime Rosenberg, while the seller is Level Group represented by Larry Link.
The multifamily sale at 703 Whitney Avenue, New Haven, Connecticut 06511, United States in New Haven, Connecticut sold for $18.5M in 2022. Reported inventory is 14,477 square feet across 42 units, or about 1.3K per square foot. Named participants on the 703 Whitney Avenue, New Haven, Connecticut 06511, United States sale are Shloime Rosenberg. This page is the New Haven, Connecticut file for the 703 Whitney Avenue, New Haven, Connecticut 06511, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New Haven sit in the Market section below. Filter that New Haven multifamily set by closing date to see what else sold near 703 Whitney Avenue, New Haven, Connecticut 06511, United States around 2022. Published consideration for 703 Whitney Avenue, New Haven, Connecticut 06511, United States is $18.5M, dated 2022. Cite this Shlomo Katz & Shloime Rosenberg Purchase Multifamily Property On Whitney Ave, New Haven, CT For $18.5M sale when underwriting similar multifamily product around New Haven, Connecticut.
Players
New 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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93