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41 River Street, Sanford, M...

The Boulos Company Represents $3.95M Sale Of Multifamily Property In Sanford, ME
SOLDMultiFamily

The Boulos Company Represents $3.95M Sale Of Multifamily Property In Sanford, ME

41 River Street, Sanford, Maine 04073, United States

$3,950,000

$91/SF

Building Size

43,013 SF

Asset Type

MultiFamily

Closing

Apr 24, 2022

AI

A multifamily property located at 41 River St in Sanford, ME, has been sold for $3,950,000. The property spans approximately 43,013 square feet, resulting in a price per square foot of $92.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,950,000
  • Square Footage: 43,013
  • Price per Square Foot: $92
  • Address: 41 River St, Sanford, ME
  • Market: Sanford, ME

The sale of this property was facilitated by Joseph Italiaander and Chris Gallagher of The Boulos Company. Their expertise and representation played a crucial role in the successful completion of the transaction.

Note from Broker: This sale is part of a 17-property portfolio in Sanford, ME.

Players

Joseph Italiaander

The Boulos Company

Broker

$9.7M

vol

4 deals

Broker

Sanford MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.02%

Cash-on-Cash

-1.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93