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Marcus & Millichap Sells Grant Street Complex In Framingham, MA For $6.4M

Property Image
SOLD
$6,400,000
Tony Pepdjonovic
Evan Griffith
Jeremy Buckley

Massachusetts

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MultiFamily
Sold
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells Grant Street Complex In Framingham, MA For $6.4M

115 Grant Street

See Similar Deals
MultiFamily
Sold
Tony Pepdjonovic
Evan Griffith
Jeremy Buckley
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

The Grant Street Complex in Framingham, Massachusetts has been sold for $6.4 million, according to Marcus & Millichap. This multifamily property consists of 26 units, with an average price per unit of $246,154. The complex is located at 115 Grant Street in the Framingham market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,400,000
  • Units: 26
  • Price per Unit: $246,154
  • Address: 115 Grant Street, Framingham, MA
  • Market: Framingham, MA

Evan Griffith, Jeremy Buckley, and Tony Pepdjonovic from Marcus & Millichap represented the buyers and sellers in this transaction.

Players

Jeremy Buckley
Marcus & Millichap
Jeremy Buckley
12 deals$55.8M volume(781) 413-6250
BROKER
Evan Griffith
Marcus & Millichap
Evan Griffith
65 deals$388M volume
BROKER
Tony Pepdjonovic
Marcus & Millichap
Tony Pepdjonovic
77 deals$383.6M volume
BROKER

Details

SOLD
IMAGE: Tony Pepdjonovic, Evan Griffith & Jeremy Buckley DATE: 09/25/2023 ADDRESS: 115 Grant Street MARKET: Framingham, MA ASSET TYPE: Multifamily BROKERS: Evan Griffith, Jeremy Buckley & Tony Pepdjonovic - Marcus & Millichap (@MarcusMillichapBoston) SALE PRICE: $6,400,000 UNITS: 26 ~ PPU: $246,154 NOTE: Marcus & Millichap has announced the sale of the Grant Street Complex in Framingham, Massachusetts, for $6.4 million.

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,737.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,339.27
Annual Debt Service$364,071.18