Updated Oct 29, 2024
Raymond Safi Acquires 42-Unit Multifamily Property On 1 Candy Apple Drive In Dartmouth, MA For $11.1M
1 Candy Apple Drive
$11,100,000
Units
42
Asset Type
MultiFamily
Closing
Dec 5, 2022
About this deal
AI
The multifamily property located at 1 Candy Apple Drive in Dartmouth, MA has been sold in a closed transaction. The property consists of 42 units and was sold for a total price of $11,100,000, resulting in an average price per unit of $264,286. The sale took place on 12/05/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,100,000
- Address: 1 Candy Apple Drive, Dartmouth, MA
- Market: Dartmouth, MA
- Total Units: 42
- Price per Unit: $264,286
The buyer of the property is Raymond Safi, while the seller is One Candy Apple Drive LLC. The transaction was facilitated by Cushman & Wakefield, with the brokerage team consisting of Jonathan Bryant, Chris Sower, Bruce Lusa, John Flaherty, Julie Regan, Mary VanNatta, and Kevin Jones.
Players
North Dartmouth MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.43%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93