Daily limit: 0/10
Northeast Private Client Group Arranges Sale Of Student Housing At 62 Chestnut Street For $8.5M
SOLD
$8,500,000
Connecticut
See Similar DealsStudent Housing
Sold 06/06/2025
SOLD
Northeast Private Client Group Arranges Sale Of Student Housing At 62 Chestnut Street For $8.5M
62 Chestnut Street
See Similar DealsStudent Housing
Sold 06/06/2025
Summary
CONNECTICUT
Asset Type:Student Housing
Transaction Type:Sale
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
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$453,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,198.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,294.34
Annual Debt Service$483,532.04
Is there something missing? Send suggestions