Ezzi Property Group Acquires Multifamily Property In East Sandwich, MA For $975K
FINANCED
$975,000
Massachusetts
See Similar DealsMultiFamily9,000 SF
Financed 04/21/2022
FINANCED
Ezzi Property Group Acquires Multifamily Property In East Sandwich, MA For $975K
59 Ploughed Neck Road, East Sandwich, Massachusetts 02537, United States
See Similar DealsMultiFamily9,000 SF
Financed 04/21/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$108
Total Square Footage:9,000 SF
Transaction Type:Loan
The property involved in the transaction is a multifamily asset located at 59 Ploughed Neck Rd in East Sandwich, MA. The property spans across 1.88 acres and consists of 9 units. The transaction took place on 04/21/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $975,000
- Address: 59 Ploughed Neck Rd, East Sandwich, MA
- Market: East Sandwich, MA
- Unit Count: 9
- Acreage: 1.88 acres
The landlord involved in the transaction is Ezzi Property Group, represented by Marc Abou-Ezzi. The brokers who facilitated the deal were Jake Cremmen from FinanceBoston.
The loan obtained for this acquisition amounted to $975,000.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$975,000.00
Monthly NOI$6,500.00
Monthly Debt Service$6,162.66
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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