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
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