Norwood Mixed-Use Property Sold For $10.65M With Buyer's Rep Mitch Stepien & Seller's Rep Dan Waldman
SOLD
$10,650,000
Massachusetts
See Similar DealsMixed-use35,000 SF
Sold 07/09/2020
SOLD
Norwood Mixed-Use Property Sold For $10.65M With Buyer's Rep Mitch Stepien & Seller's Rep Dan Waldman
884-920 Washington St, Norwood, Massachusetts, USA
See Similar DealsMixed-use35,000 SF
Sold 07/09/2020
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$304
Total Square Footage:35,000 SF
Transaction Type:Sale
The mixed-use property located at 884-920 Washington St. in Norwood, MA has been sold for a total price of $10,650,000. The transaction took place on July 9, 2021.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $10,650,000
- Address: 884-920 Washington St., Norwood, MA
- Market: Norwood, MA
- Seller: Ron Compognone
- Seller's Rep: Dan Waldman - Waldman & Associates
- Buyer's Rep: Mitch Stepien - NAI Advisors
- Total Square Footage: 35,000
- Price per Square Foot: $304
The seller, Ron Compognone, was represented by Dan Waldman from Waldman & Associates, while Mitch Stepien from NAI Advisors acted as the buyer's representative in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$568,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,837.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,486.43
Annual Debt Service$605,837.20
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