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1111 Washington Street

Marcus & Millichap Facilitates $1.6M Acquisition Loan For Multifamily Property In Mattapan, MA
FINANCEDMultiFamily

Marcus & Millichap Facilitates $1.6M Acquisition Loan For Multifamily Property In Mattapan, MA

1111 Washington Street

$1,600,000

$202/SF

Building Size

7,902 SF

Asset Type

MultiFamily

Closing

Jul 26, 2022

AI

The multifamily property located at 1111 Washington St in Mattapan, MA has recently undergone a closed transaction. This property spans a total of 7,902 square feet and consists of 20 units, making it an attractive investment in the market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,600,000
  • Address: 1111 Washington St, Mattapan, MA
  • Market: Mattapan, MA
  • Square Footage: 7,902
  • Number of Units: 20

The deal was facilitated by the following key individuals and companies. Evan Griffith and Tony Pepdjonovic, representing Marcus & Millichap, were the brokers involved in the transaction. Additionally, Brian Rooney and Jake Cremmen from FinanceBoston also played a significant role in the deal. Their expertise and efforts contributed to the successful acquisition process.

Players

Evan Griffith

Marcus & Millichap

Broker

$388M

vol

65 deals

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93