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95 Varga Road

Northeast Private Client Group Facilitates $6.1M Sale Of Ashford Hills Apartments
SOLDMultiFamily

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

Taylor Perun

NorthEast Private Client Group

Broker

$162.5M

vol

16 deals

Broker

Ashford 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

2.60%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93