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76 Webster Street

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

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

76 Webster Street

$4,100,000

Building Size

Asset Type

MultiFamily

Closing

Apr 30, 2025

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.

Players

Steve Pappas

Chozick Realty

Broker

$82.3M

vol

11 deals

Broker

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