facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Connecticut

/

Multifamily

/

Sale

/

873 West Blvd, Hartford, CT...

25th Century Acquires Multifamily Property In Hartford, CT For $16.3M
SOLDMultiFamily

25th Century Acquires Multifamily Property In Hartford, CT For $16.3M

873 West Blvd, Hartford, CT, USA

$16,300,000

$29,636/SF

Building Size

550 SF

Asset Type

MultiFamily

Closing

Aug 16, 2020

AI

Forum Capital Partners and Cantor Real Estate have sold a multifamily property located at 873 West Blvd. and 748 New Britain Ave. in Hartford, CT. The property consists of 217 units, with each unit priced at $75,115, resulting in a total sale price of $16,300,000. The transaction took place on August 17, 2020.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $16,300,000
  • Units: 217

The buyer in this transaction is 25th Century, while the seller was Forum Capital Partners and Cantor Real Estate. CBRE represented both parties in the deal, with the following brokers involved: Jeffrey Dunne, Gene Pride, Eric Apfel, Jeremy Neuer, Steven Bardsley, and David Gavin. The property is situated in the Hartford, CT market.

Players

Gene Pride

Newmark

Broker

$1.6B

vol

22 deals

Broker
FP
Forum Capital PartnersSeller

Hartford 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

0.97%

Cash-on-Cash

-0.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93