Updated Dec 4, 2024
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
New Bedford 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93