Updated Sep 9, 2024
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
New Britain 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
18.45%
Cash-on-Cash
-5.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93