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
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.
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