Kevin Faing Acquires Multifamily In Derby For $1.2M From Seller Maureen Monaco
78 Hawkins Street, Derby, Connecticut 06418, United States
$1,200,000
$129/SF
Building Size
9,250 SF
Asset Type
MultiFamily
Closing
Dec 3, 2021
AI
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.
Players
Derby 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93