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87 Ruby Road, Willington, C...

Deer Park Management Sells Multifamily Property In Willington, CT For $5.5M
SOLDMultiFamily

Deer Park Management Sells Multifamily Property In Willington, CT For $5.5M

87 Ruby Road, Willington, Connecticut 06279, United States

$5,500,000

Building Size

Asset Type

MultiFamily

Closing

Jul 21, 2022

AI

Deer Park Management, LLC has completed the sale of a multifamily property located at 87 Ruby Rd in Willington, CT. The transaction was facilitated by brokers Tom Boyle and Steve Pappas of Chozick Realty. The property consists of 45 units and was sold for a total price of $5,500,000, resulting in a price per unit of $122,222.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,500,000
  • Units: 45
  • Price per Unit: $122,222
  • Market: Willington, CT
  • Seller: Deer Park Management, LLC
  • Brokers: Tom Boyle & Steve Pappas - Chozick Realty

The successful sale of the multifamily property at 87 Ruby Rd in Willington, CT, was facilitated by brokers Tom Boyle and Steve Pappas of Chozick Realty. This transaction marks another achievement for the professionals in the industry.

Players

Steve Pappas

Chozick Realty

Broker

$82.3M

vol

11 deals

Broker

Willington 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

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93