Marcus & Millichap Sells Foxborough Multifamily Property For $3.25M With Buyer's Rep Evan Griffith, Tony Pepdjonovic & Jeremy Buckley
SOLD
$3,250,000
Massachusetts
See Similar DealsMultiFamily
Sold
SOLD
Marcus & Millichap Sells Foxborough Multifamily Property For $3.25M With Buyer's Rep Evan Griffith, Tony Pepdjonovic & Jeremy Buckley
14 Pierce St, Foxboro, Massachusetts 02035, United States
See Similar DealsMultiFamily
Sold
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
Located at 14-18 Pierce St in Foxborough, MA, this multifamily property was recently sold in a closed transaction. The property consists of 16 units and was sold for a total price of $3,250,000, with a per unit price of $203,125. The transaction was facilitated by brokers Evan Griffith, Tony Pepdjonovic, and Jeremy Buckley from Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,250,000
- Units: 16
- Price Per Unit: $203,125
Evan Griffith, Tony Pepdjonovic, and Jeremy Buckley from Marcus & Millichap played a key role in the successful sale of this multifamily property in Foxborough, MA. Their expertise and professionalism contributed to a smooth transaction process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$173,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,546.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,406.66
Annual Debt Service$184,879.90
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