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62 Chestnut Street

Northeast Private Client Group Arranges Sale Of Student Housing At 62 Chestnut Street For $8.5M
SOLDStudent Housing

Northeast Private Client Group Arranges Sale Of Student Housing At 62 Chestnut Street For $8.5M

62 Chestnut Street

$8,500,000

Building Size

Asset Type

Student Housing

Closing

Jun 6, 2025

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.

Players

Jeff Wright

NorthEast Private Client Group

Broker

$138.9M

vol

30 deals

Broker
NorthEast Private Client Group
NorthEast Private Client GroupBrokerage

Bethel Student Housing Market Snapshot

Boundary boundary · Student Housing · Sale transactions

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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