Updated Feb 16, 2024
Marcus & Millichap Boston Brokers Sell Multifamily Property In Amesbury, MA For $26.5M
164 Whitehall Road, Amesbury, MA, USA & 164 Whitehall Road, Amesbury, MA, USA
$26,500,000
$84/SF
Building Size
156,029 SF
Asset Type
MultiFamily
Closing
Oct 14, 2020
About this deal
AI
A multifamily property located at 164 Whitehall Road in Amesbury, MA has been sold for a price of $26,500,000. The transaction took place on October 15, 2020. The property consists of 183 units with a total square footage of 156,029. The sale price per square foot was $170, and the price per unit was approximately $144,809. The asset was represented by Evan Griffith and Tony Pepdjonovic from Marcus & Millichap Boston.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,500,000
- Address: 164 Whitehall Road, Amesbury, MA
- Market: Amesbury, MA
- Square Footage: 156,029
- Price per Square Foot: $170
- Units: 183
- Price per Unit: $144,809
Evan Griffith and Tony Pepdjonovic, representing Marcus & Millichap Boston, were the brokers involved in the transaction. They successfully facilitated the sale of this multifamily property, underscoring their expertise in the real estate market.
Players
Amesbury 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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93