Northeast Private Client Group Facilitates $6.1M Sale Of Ashford Hills Apartments
95 Varga Road
$6,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 23, 2023
AI
Ashford Hills Apartments, a 52-unit multifamily property located at 95 Varga Road in Ashford, CT, has been sold for $6.1 million. The property was listed by Northeast Private Client Group (NEPCG) and successfully brokered by Cameron Formica and Taylor Perun.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $6,100,000
- Units: 52
- Price Per Unit (PPU): $117,308
This transaction marks another successful deal for NEPCG, demonstrating their expertise in the multifamily market. Cameron Formica and Taylor Perun, representing NEPCG, played an instrumental role in brokering the sale of Ashford Hills Apartments. Their knowledge and experience in the industry contributed to the smooth execution and favorable outcome of the transaction.
Players
Ashford 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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93