Nick Realty LLC Acquires Mixed-Use Property In Milton, MA For $2.48M
SOLD
$2,485,000
Massachusetts
See Similar DealsMixed-use5,300 SF
Sold 09/18/2020
SOLD
Nick Realty LLC Acquires Mixed-Use Property In Milton, MA For $2.48M
5 Canton Avenue, Milton, MA, USA
See Similar DealsMixed-use5,300 SF
Sold 09/18/2020
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$468
Total Square Footage:5,300 SF
Transaction Type:Sale
The mixed-use property located at 5 Canton Avenue & 191 Blue Hills Avenue in Milton, MA has been sold for a total price of $2,485,000. The transaction took place on September 18, 2020.
Summary of transation details
- Property Type: Mixed Use
- Transaction Amount: $2,485,000
- Address: 5 Canton Avenue & 191 Blue Hills Avenue, Milton, MA
- Seller: 191 BHP LLC
- Buyer: Nick Realty LLC
- Broker: Paul Durgin - Conway Commercial
Paul Durgin from Conway Commercial represented the seller, 191 BHP LLC, in this transaction. Nick Realty LLC acquired the property in Milton, MA. The deal was finalized on September 18, 2020.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$132,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,828.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,780.17
Annual Debt Service$141,362.01
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