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91 Lasalle Street, New Brit...

Updated Sep 9, 2024

New Britain Multifamily Sells For $860K With Lakeshore Realty As Brokers
SOLDMultiFamily

New Britain Multifamily Sells For $860K With Lakeshore Realty As Brokers

91 Lasalle Street, New Britain, CT, USA

$860,000

$110/SF

Building Size

7,769 SF

Asset Type

MultiFamily

Closing

Sep 8, 2021

About this deal

AI

Located in New Britain, CT, the multifamily property at 91 Lasalle Street and 285 High Street has recently been sold. The transaction took place on 09/09/2021, with Alban Dedvukaj and Nick Selca from Lakeshore Realty representing both the seller and the buyer. The sale price for this property was $860,000, and it consists of 12 units. The price per unit (PPU) comes to $71,667. The total square footage for the property is 7,769, with a price per square foot (PPSF) of $111.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $860,000
  • Units: 12
  • Price per Unit (PPU): $71,667
  • Square Footage (SF): 7,769
  • Price per Square Foot (PPSF): $111
  • Address: 91 Lasalle Street & 285 High Street, New Britain, CT
  • Market: New Britain, CT

The sale of this multifamily property was facilitated by Alban Dedvukaj and Nick Selca from Lakeshore Realty. They represented both the seller and the buyer in this transaction.

Players

Alban Dedvukaj

LSR-Lakeshore Realty

Broker

$42M

vol

12 deals

Broker

New Britain MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $110 per square foot on a published $860K for 7,769 square feet (2021).

Visit Nick Selca to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

18.45%

Cash-on-Cash

-5.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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