Rich, Matt and Kurt Cawley of United Multi Family broker $6 million sale of a four building portfolio

April 29, 2016 - Front Section
217 Wethersfield Avenue - Hartford, CT 217 Wethersfield Avenue - Hartford, CT

Hartford, CT Rich, Matt and Kurt Cawley of United Multi Family brokered the $6 million sale of a four building portfolio totaling 135 units. The properties consisted of:

• 36 units at 149 Wethersfield Ave. (16-two bedrooms, 20-one bedrooms);

• 36 units at 183 Wethersfield Ave. (1 three-bedroom, 10 two-bedroom and 25 efficiency units);

• 30 units at 217 Wethersfield Ave. (3 two-bedroom and 27 one-bedrooms); and

• 30 units at 97-103 Wyllys St. (2 three-bedroom, 13 two-bedroom, 10 one-bedroom and 8 efficiencies).

The CAP rate at the time of sale was 11.82% with the property having a gross annual income of $1,376,112.

Tags:

Comments

Add Comment


More from the New England Real Estate Journal