Urban Circle Realty Facilitates $2.68M Sale Of Riverside Multifamily Property On Banks St
SOLD
$2,680,000
Massachusetts
See Similar DealsMultiFamily2 SF
Sold 02/03/2023
SOLD
Urban Circle Realty Facilitates $2.68M Sale Of Riverside Multifamily Property On Banks St
200-202 Banks St, Riverside, MA 02138
See Similar DealsMultiFamily2 SF
Sold 02/03/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$1,340,000
Total Square Footage:2 SF
Transaction Type:Sale
The multifamily property located at 200-202 Banks St in Riverside, MA has been sold in a closed transaction. The sale took place on 03/02/2023, and the property was represented by Jyothi Kalra and Sherean Azarmi from Urban Circle Realty. The transaction involved a sale price of $2,680,000, with a total square footage of 2,427. The price per square foot (PPSF) was calculated at $1,104.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,680,000
- Address: 200-202 Banks St, Riverside, MA
- Market: Riverside, MA
- Brokers: Jyothi Kalra & Sherean Azarmi - Urban Circle Realty
- Square Footage: 2,427
- Price per Square Foot: $1,104
The deal was facilitated by Jyothi Kalra and Sherean Azarmi, who acted as representatives for the seller and buyer, ensuring a successful transaction for both parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$142,933.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,521.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,704.57
Annual Debt Service$152,454.81
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