Updated Sep 5, 2024
Property Partners Acquires Multifamily Properties In Jefferson For $1.45M
172-Princeton Street
$1,450,000
$188/SF
Building Size
7,702 SF
Asset Type
MultiFamily
Closing
Sep 18, 2023
About this deal
AI
Two multifamily properties located at 172 Princeton Street and 180 Princeton Street in Jefferson, MA, were sold for a total of $1,450,000. The combined properties encompass 7,702 square feet, with a price per square foot of $188.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Address: 172-180 Princeton Street, Jefferson, MA
- Square Footage: 7,702 sq ft
- Price per Square Foot: $188
- Buyer's Representative: Mike Dagilis - Property Partners Real Estate LLC
- Seller's Representative: Karynsue Marchione-Reilly - Park Place Realty Enterprises
Mike Dagilis from Property Partners Real Estate LLC represented the buyer in this transaction, while Karynsue Marchione-Reilly from Park Place Realty Enterprises represented the seller. The deal involved two multifamily properties in Jefferson, MA, with a combined total of 7,702 square feet. The transaction amount was $1,450,000, with a price per square foot of $188.
Players
East Boston 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93