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1282 South Main Street, Pal...

Peter John Mlaguzi III Acquires Palmer Multifamily For $1.09M
SOLDMultiFamily

Peter John Mlaguzi III Acquires Palmer Multifamily For $1.09M

1282 South Main Street, Palmer, Massachusetts, USA

$1,090,000

$68/SF

Building Size

15,856 SF

Asset Type

MultiFamily

Closing

Mar 17, 2021

AI

The multifamily property located at 1282-1290 S Main Street in Palmer, MA has been sold for a total price of $1,090,000. The transaction took place on March 18, 2021. The property spans a total area of 15,856 square feet, resulting in a price per square foot of $69. The seller was represented by Team Tanya Vital-Basile from Executive Real Estate, Inc., while the buyer was represented by Peter John Mlaguzi III from M&A Real Estate Inc.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,090,000

Peter John Mlaguzi III from M&A Real Estate Inc. represented the buyer in this transaction, while Team Tanya Vital-Basile from Executive Real Estate, Inc. represented the seller. The sale of this multifamily property in Palmer, MA highlights the involvement of key individuals and companies in the deal.

Players

Peter John Mlaguzi III

Broker

$1.1M

vol

1 deal

Broker

Palmer 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

14.55%

Cash-on-Cash

-4.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93