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78 Hawkins Street, Derby, C...

Kevin Faing Acquires Multifamily In Derby For $1.2M From Seller Maureen Monaco
SOLDMultiFamily

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

Anthony Watkins

Oak & Avery Group

Broker

$107.3M

vol

29 deals

Broker

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