Shlomo Katz & Shloime Rosenberg Purchase Multifamily Property On Whitney Ave, New Haven, CT For $18.5M
SOLD
$18,500,000
Connecticut
See Similar DealsMultiFamily14,477 SF
Sold 03/07/2022
SOLD
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
See Similar DealsMultiFamily14,477 SF
Sold 03/07/2022
Summary
CONNECTICUT
Asset Type:MultiFamily
Price Per Square Foot:$1,277
Total Square Footage:14,477 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$986,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$65,726.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,699.44
Annual Debt Service$1,052,393.26
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