Kevin Faing Acquires Multifamily In Derby For $1.2M From Seller Maureen Monaco
SOLD
$1,200,000
Connecticut
See Similar DealsMultiFamily9,250 SF
Sold 12/03/2021
SOLD
Kevin Faing Acquires Multifamily In Derby For $1.2M From Seller Maureen Monaco
78 Hawkins Street, Derby, Connecticut 06418, United States
See Similar DealsMultiFamily9,250 SF
Sold 12/03/2021
Summary
CONNECTICUT
Asset Type:MultiFamily
Price Per Square Foot:$129
Total Square Footage:9,250 SF
Transaction Type:Sale
The multifamily property located at 78 Hawkins St in Derby, CT was recently sold for a price of $1,200,000. The transaction took place on 12/03/2021 and involved a total of 12 units. The price per unit was $100,000, and the total square footage of the property is 9,250. The price per square foot was $130.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 78 Hawkins St, Derby, CT
- Date: 12/03/2021
- Market: Derby, CT
The buyer of the property is Kevin Faing, while the seller is Maureen Monaco. The transaction was facilitated by Anthony Watkins and Gustavo Rocha from The Oak & Avery Group, who served as the brokers for both parties involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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