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1751-1759 Acushnet Avenue

Updated Dec 4, 2024

Multifamily Property At 1751-1759 Acushnet Avenue Sold For $1.9M With Diana Teixeira-Correia & Ted Peris As Brokers
SOLDMultiFamily

Multifamily Property At 1751-1759 Acushnet Avenue Sold For $1.9M With Diana Teixeira-Correia & Ted Peris As Brokers

1751-1759 Acushnet Avenue

$1,900,000

$190/SF

Building Size

9,999 SF

Asset Type

MultiFamily

Closing

Aug 9, 2024

About this deal

AI

The property asset involved in the transaction is a 4-story multifamily building located at 1751-1759 Acushnet Avenue in New Bedford, MA. The sale price for this asset was $1,900,000, with a total square footage of 9,999 and a price per square foot of $190. The building comprises two storefronts and residential units that generate rental income.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,900,000
  • Address: 1751-1759 Acushnet Avenue
  • Market: New Bedford, MA
  • Square Footage: 9,999
  • Price per Square Foot: $190
  • Brokers: Diana Teixeira-Correia & Ted Peris - High Rise Real Estate

The key individuals involved in this transaction are Diana Teixeira-Correia and Ted Peris, representing High Rise Real Estate. They facilitated the sale of this multifamily property, playing a critical role in the closing of the transaction.

Players

Ted Peris

High Rise Real Estate

Broker

$3.1M

vol

2 deals

Broker

New Bedford MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $190 per square foot on a published $1.9M for 9,999 square feet (2024).

Visit Ted Peris to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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