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200-202 Banks St, Riverside...

Urban Circle Realty Facilitates $2.68M Sale Of Riverside Multifamily Property On Banks St
SOLDMultiFamily

Urban Circle Realty Facilitates $2.68M Sale Of Riverside Multifamily Property On Banks St

200-202 Banks St, Riverside, MA 02138

$2,680,000

$1,340,000/SF

Building Size

2 SF

Asset Type

MultiFamily

Closing

Feb 3, 2023

AI

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.

Players

Sherean Azarmi

Broker

$6.2M

vol

4 deals

Broker

Cambridge MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.92%

Cash-on-Cash

-1.69%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93