Updated May 12, 2025
Chozick Realty Sells 43-Unit Webb Manor Apartments In Hartford For $4.1 Million
76 Webster Street
$4,100,000
Units
43
Asset Type
MultiFamily
Closing
Apr 30, 2025
About this deal
AI
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.
On the Map
$4,100,000
MultiFamily
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Hartford 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93