Chozick Realty Sells Multifamily Property In Avon, CT For $29M
75 Avonwood Road, Avon, CT 06001
$29,000,000
$24,166/SF
Building Size
1,200 SF
Asset Type
MultiFamily
Closing
Sep 2, 2021
AI
The multifamily property located at 75 Avonwood Rd in Avon, CT has been sold for a total price of $29,000,000. The transaction took place on September 2, 2021. The property spans an area of 50 acres and consists of 186 units. The price per unit comes to $155,914. Rick Chozick and David Chozick from Chozick Realty represented the parties involved in the sale.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $29,000,000
- Address: 75 Avonwood Rd, Avon, CT
- Market: Avon, CT
- Acres: 50
- Units: 186
- Price per Unit: $155,914
Rick Chozick and David Chozick of Chozick Realty facilitated the sale as the brokers representing the parties involved. Their expertise and experience played a crucial role in completing this transaction.
Players
Avon 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93