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
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