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62 Chestnut Street

Updated Jun 11, 2025

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

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

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$8,500,000

Student Housing

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Players

Jeff Wright

NorthEast Private Client Group

Broker

$149.3M

vol

31 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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Deal FAQ

About $236.1K per unit across 36 units on a published $8.5M (2025).

Visit Richard (Rich) Edwards to view all their deals.

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

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