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123 Littleton Road, Ayer, M...

Micozzi Management Acquires Multifamily Property In Ayer, MA For $12.1M
SOLDMultiFamily

Micozzi Management Acquires Multifamily Property In Ayer, MA For $12.1M

123 Littleton Road, Ayer, MA, USA

$12,105,000

$211/SF

Building Size

57,152 SF

Asset Type

MultiFamily

Closing

Feb 2, 2020

AI

Located in Ayer, MA, this multifamily property at 123 Littleton Road has recently been sold. The sale was facilitated by Carter Realty, with Micozzi Management as the buyer. United Multi Family, represented by Kurt Cawley, acted as the broker in this transaction. The property features 76 units, with a sale price of $12,105,000, equating to approximately $159,276 per unit.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $12,105,000
  • Address: 123 Littleton Road, Ayer, MA
  • Market: Ayer, MA
  • Seller: Carter Realty
  • Buyer: Micozzi Management
  • Broker: Kurt Cawley - United Multi Family

The purchase of this multifamily property is a significant transaction within the Ayer market. With 76 units, the property presents a lucrative investment opportunity. Micozzi Management saw the potential in this asset and, with the assistance of Kurt Cawley from United Multi Family, successfully acquired it from Carter Realty.

Players

Kurt Cawley

Broker

$28.5M

vol

8 deals

Broker

Ayer MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.31%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93