Northeast Private Client Group Brokers Sell Multifamily Property For $2.675M In Branford, CT
SOLD
Connecticut
See Similar DealsMultiFamily16,594 SF
Sold 04/21/2021
SOLD
Northeast Private Client Group Brokers Sell Multifamily Property For $2.675M In Branford, CT
78 Cedar St, Branford, CT, USA
See Similar DealsMultiFamily16,594 SF
Sold 04/21/2021
Summary
CONNECTICUT
Asset Type:MultiFamily
Price Per Square Foot:$161
Total Square Footage:16,594 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$142,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,503.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,680.86
Annual Debt Service$152,170.38
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