Updated Oct 28, 2024
UK Sherman LLC Acquires 22-Unit Multifamily Property In New Haven, CT For $3.3M
76 Sherman Avenue, New Haven, Connecticut 06514, United States
$3,300,000
Units
22
Asset Type
MultiFamily
Closing
Jun 21, 2022
About this deal
AI
The multifamily property located at 76 Sherman Ave in New Haven, CT has been sold in a transaction that closed on June 22, 2022. The property consists of 22 units, with a per unit price of $150,000, resulting in a total sale price of $3,300,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,300,000
- Address: 76 Sherman Ave, New Haven, CT
- Market: New Haven, CT
- Units: 22
- Price Per Unit: $150,000
The buyer in this transaction is UK Sherman LLC, while the seller is 76 Sherman LLC.
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93