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
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