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Hartford, Connecticut, Unit...

Northeast Private Client Group Represents Sale Of Multifamily Portfolio In Hartford, CT For $16.5M
SOLDMultiFamily

Northeast Private Client Group Represents Sale Of Multifamily Portfolio In Hartford, CT For $16.5M

Hartford, Connecticut, United States

$16,500,000

Building Size

Asset Type

MultiFamily

Closing

Jan 6, 2022

AI

The Multifamily Portfolio in Hartford, CT, was recently sold for a total price of $16,500,000. The portfolio consists of 182 units, with an average price per unit of $90,659.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $16,500,000
  • Address: Multifamily Portfolio
  • Market: Hartford, CT
  • Units: 182
  • Price per Unit (PPU): $90,659

The sale of the Multifamily Portfolio was facilitated by Taylor Perun and Alex Burr of Northeast Private Client Group, acting as brokers in the transaction.

Players

Taylor Perun

NorthEast Private Client Group

Broker

$162.5M

vol

16 deals

Broker

Hartford 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

0.96%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93