Updated Dec 21, 2023
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
About this deal
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
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