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

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SOLD
$5,500,000

Connecticut

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MultiFamily
Sold 07/22/2022
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Property Image
SOLD

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

87 Ruby Road, Willington, Connecticut 06279, United States

See Similar Deals
MultiFamily
Sold 07/22/2022
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Summary

CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Sale

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
11 deals$82.3M volume
BROKER

Tom Boyle
Lee & Associates
13 deals$109.3M volume(773) 355-5079
BROKER

Details

SOLD
IMAGE: Steve Pappas & Tom Boyle DATE: 07/22/2022 ADDRESS: 87 Ruby Rd MARKET: Willington, CT ASSET TYPE: Multifamily SELLER: Deer Park Management, LLC BROKERS: Tom Boyle & Steve Pappas - Chozick Realty SALE PRICE: $5,500,000 UNITS: 45 ~ PPU: $122,222

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$293,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67