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
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