Northeast Private Client Group Facilitates $1.5M Sale Of Multifamily Property In New Britain, CT
8 Hayes Street, New Britain, Connecticut 06053, United States
$1,535,000
$96/SF
Building Size
15,900 SF
Asset Type
MultiFamily
Closing
May 12, 2022
AI
The multifamily property located at 8 Hayes St in New Britain, CT has been sold for a total of $1,535,000. The sale, which took place on 05/13/2022, involved a transaction between the buyer and the seller. The property consists of 18 units, resulting in an average price per unit of $85,278.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,535,000
- Units: 18
- Average Price per Unit: $85,278
Representing the buyer and seller in this transaction were Taylor Perun and Alex Burr from Northeast Private Client Group.
Players
New Britain MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.33%
Cash-on-Cash
-2.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93