Virginia W Ndungu Acquires Multifamily Property In Randolph, MA For $6.57M
SOLD
$6,574,793
Massachusetts
See Similar DealsMultiFamily36,872 SF
Sold 06/30/2023
SOLD
Virginia W Ndungu Acquires Multifamily Property In Randolph, MA For $6.57M
14 Thompson Dr Randolph, MA 02368, USA
See Similar DealsMultiFamily36,872 SF
Sold 06/30/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$178
Total Square Footage:36,872 SF
Transaction Type:Sale
The multifamily property located at 14 Thompson Drive in Randolph, MA has been sold. The transaction took place on June 30, 2023, with a sale price of $6,574,793. The property consists of 24 units, with an average price per unit of $273,950. The total square footage of the property is 36,872, with an average price per square foot of $178.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,574,793
- Address: 14 Thompson Drive
- Market: Randolph, MA
- Units: 24
- Price Per Unit: $273,950
- Square Footage: 36,872
- Price Per Square Foot: $178
The buyer of the property is Virginia W Ndungu, while the seller is Steffen Panzone. The buyer was represented by Paul Gnakou from MIG.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$350,655.62
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,358.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,167.87
Annual Debt Service$374,014.48
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