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75 Avonwood Road, Avon, CT ...

Chozick Realty Sells Multifamily Property In Avon, CT For $29M
SOLDMultiFamily

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

Rick Chozick

Chozick Realty

Broker

$95.4M

vol

8 deals

Broker

Avon MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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