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13 Richards Avenue

Ron Ifrah Of Longwood Residential Represents Buyer In North Attleboro Multifamily Sale For $2.575M
SOLDMultiFamily

Ron Ifrah Of Longwood Residential Represents Buyer In North Attleboro Multifamily Sale For $2.575M

13 Richards Avenue, 35 Circular Street & 37 Circular Street

$2,575,000

$84/SF

Building Size

30,324 SF

Asset Type

MultiFamily

Closing

Aug 7, 2024

AI

This multifamily asset located at 13 Richards Avenue and 35-37 Circular Street in North Attleboro, MA was sold for $2,575,000. The total square footage of the properties is 10,108, with a price per square foot of $255. The portfolio comprises a total of 28 beds and 12.5 baths.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,575,000
  • Square Footage: 10,108
  • Address: 13 Richards Avenue, 35-37 Circular Street
  • Market: North Attleboro, MA
  • Price per Square Foot: $255
  • Total Beds: 28
  • Total Baths: 12.5
  • Buyer's Representative: Ron Ifrah - Longwood Residential
  • Seller's Representative: The Joni Shore Group - Douglas Elliman Real Estate

In this transaction, Ron Ifrah represented the buyer, while The Joni Shore Group, affiliated with Douglas Elliman Real Estate, represented the seller. This collaboration facilitated the successful closing of the deal.

Players

Ron Ifrah

Longwood Residential

Broker

$8.3M

vol

5 deals

Broker

North Attleboro 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

6.16%

Cash-on-Cash

-1.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93