Northeast Private Client Group Facilitates $1.5M Sale Of Multifamily Property In New Britain, CT
SOLD
$1,535,000
Connecticut
See Similar DealsMultiFamily15,900 SF
Sold 05/13/2022
SOLD
Northeast Private Client Group Facilitates $1.5M Sale Of Multifamily Property In New Britain, CT
8 Hayes Street, New Britain, Connecticut 06053, United States
See Similar DealsMultiFamily15,900 SF
Sold 05/13/2022
Summary
CONNECTICUT
Asset Type:MultiFamily
Price Per Square Foot:$96
Total Square Footage:15,900 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$81,866.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,453.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,276.68
Annual Debt Service$87,320.20
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