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
Ayer 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
1.31%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93