Wallace Property Company Acquires Multifamily Property In Braintree, MA For $1.65M
Commercial Court, Braintree, Massachusetts 02184, United States
$1,650,000
$193/SF
Building Size
8,534 SF
Asset Type
MultiFamily
Closing
Feb 22, 2022
AI
The multifamily property located at 125-139AB Commercial St in Braintree, MA has been sold for $1,650,000. With a total area of 8,534 square feet, the property was sold at an average price of $193 per square foot.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Date: 02/23/2022
- Address: 125-139AB Commercial St, Braintree, MA
- Market: Braintree, MA
The buyer's representative for this transaction was Jonathan Batchelder from Wallace Property Company, while the seller's representative was Moira O'Brien from William Raveis Real Estate - Brookline.
Players
Braintree 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93