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78 Cedar St, Branford, CT, USA

Northeast Private Client Group Brokers Sell Multifamily Property For $2.675M In Branford, CT
SOLDMultiFamily

Northeast Private Client Group Brokers Sell Multifamily Property For $2.675M In Branford, CT

78 Cedar St, Branford, CT, USA

$2,675,000

$161/SF

Building Size

16,594 SF

Asset Type

MultiFamily

Closing

Apr 20, 2021

AI

A multifamily property located at 78 Cedar St in Branford, CT was recently sold for a price of $2,675,000. The property consists of 18 units and was sold at a price of $148,611 per unit. The transaction took place on April 21, 2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,675,000
  • Address: 78 Cedar St, Branford, CT
  • Market: Branford, CT
  • Units: 18

The sale was facilitated by Northeast Private Client Group, represented by brokers Bradley Balletto, Jeff Wright, Rich Edwards, Robert Paterno, and John Lockhart. They played a crucial role in the successful completion of the transaction.

Players

Robert Paterno

NorthEast Private Client Group

Broker

$125.1M

vol

24 deals

Broker

Branford 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

5.93%

Cash-on-Cash

-1.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93