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Chozick Realty Sells 43-Unit Webb Manor Apartments In Hartford For $4.1 Million

Property Image
SOLD
$4,100,000

Connecticut

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MultiFamily
Sold 04/30/2025
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Property Image
SOLD

Chozick Realty Sells 43-Unit Webb Manor Apartments In Hartford For $4.1 Million

76 Webster Street

See Similar Deals
MultiFamily
Sold 04/30/2025
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Summary

CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Sale

The asset involved in the transaction is a multifamily property located at 76 Webster Street in Hartford, CT. The sale was completed for $4,100,000, with the property comprising 43 units. The price per unit is $95,349. The recently renovated Webb Manor Apartments feature new amenities, including an elevator, a repaved parking lot, and upgraded units.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $4,100,000
  • Units: 43
  • Price Per Unit: $95,349

The transaction involved brokers Steve Pappas and Tess Cullen from Chozick Realty, who facilitated the sale. The identities of the buyer and seller remain undisclosed.

Players

Steve Pappas
11 deals$82.3M volume
BROKER

Tess Cullen
Chozick Realty
3 deals$20.4M volume
BROKER

Details

SOLD
IMAGE: 04/30/2025 ADDRESS: 76 Webster Street MARKET: Hartford, CT ASSET TYPE: MultiFamily BROKERS: Steve Pappas & Tess Cullen - Chozick Realty SALE PRICE: $4,100,000 UNITS: 43 ~ PPU: $95,349 NOTE: Chozick Realty sold the 43-unit Webb Manor Apartments in Hartford for $4.1 million. The recently renovated complex features new amenities including an elevator, repaved parking lot, and upgraded units, with the buyer and seller undisclosed.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
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