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18 Forest Avenue Court

Updated Dec 4, 2024

Caroline Ligotti Sells Plymouth Multifamily Portfolio For $4.6M
SOLDMultiFamily

Caroline Ligotti Sells Plymouth Multifamily Portfolio For $4.6M

18 Forest Avenue Court, 22 Forest Avenue Court & 40 Bourne Street

$4,635,000

$84/SF

Building Size

18,240 SF

Asset Type

MultiFamily

Closing

Nov 10, 2023

About this deal

AI

An 18-unit multifamily portfolio consisting of 4 buildings on Forest Ave Court and Bourne Street in Plymouth, MA, has been successfully sold for $4.6 million. The portfolio was sold by Caroline Ligotti of Boston City Group. The total square footage of the portfolio is 18,240 with a price per square foot of $254.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,635,000
  • Address: 18-22 Forest Avenue Court & 40 Bourne Street, Plymouth, MA
  • Market: Plymouth, MA
  • Seller: Caroline Ligotti - Boston City Group
  • Square Footage: 18,240
  • Price per Square Foot: $254

This transaction marks the successful sale of an 18-unit multifamily portfolio in Plymouth, MA. Caroline Ligotti, representing Boston City Group, played a key role in the deal. The sale price of $4.6 million reflects the value of the portfolio, which includes 4 buildings located on Forest Ave Court and Bourne Street.

Players

Plymouth MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $84 per square foot on a published $4.6M for 54,720 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.42%

Cash-on-Cash

-0.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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