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
Cambridge 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
5.92%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93