Updated Jun 11, 2025
Northeast Private Client Group Arranges Sale Of Student Housing At 62 Chestnut Street For $8.5M
62 Chestnut Street
$8,500,000
Units
36
Asset Type
Student Housing
Closing
Jun 6, 2025
About this deal
AI
62 Chestnut Street is a 36-unit student housing property located in Danbury, CT, near Western Connecticut State University. The property was sold for $8,500,000, with a price per unit of $236,111.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $8,500,000
- Units: 36
- Price per Unit: $236,111
- Address: 62 Chestnut Street
- Market: Danbury, CT
Jeff Wright and Richard Edwards, representing NorthEast Private Client Group, facilitated the sale of the property, overseeing the transaction process for the involved parties.
On the Map
$8,500,000
Student Housing
View full map
Players
Bethel Student Housing Market Snapshot
Boundary boundary · Student Housing · Sale transactions
Loading comparables…
Deal FAQ
Visit Richard (Rich) Edwards to view all their deals.
Browse Bethel student housing sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93