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Pine Ridge Greenfield LLC Acquires Multifamily Property In Greenfield, MA For $12.75M

Property Image
SOLD
$12,750,000
Taylor Perun
Drew Kirkland
Bradford (Brad) Carlson

Massachusetts

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MultiFamily99,000 SF
Sold 05/06/2021
the dealplayerscompscontact
Property Image
SOLD

Pine Ridge Greenfield LLC Acquires Multifamily Property In Greenfield, MA For $12.75M

19 Bradford Drive, Greenfield, Massachusetts, USA

See Similar Deals
MultiFamily99,000 SF
Sold 05/06/2021
Taylor Perun
Drew Kirkland
Bradford (Brad) Carlson
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$128
Total Square Footage:99,000 SF
Transaction Type:Sale

A multifamily property located at 19 Bradford Drive in Greenfield, MA has been sold in a closed transaction. The property was sold by Corridor Greenfield LLC and purchased by Pine Ridge Greenfield LLC. The transaction was facilitated by Brad Carlson, Taylor Perum, and Drew Kirkland of Northeast Private Client Group.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $12,750,000
  • Address: 19 Bradford Drive, Greenfield, MA
  • Market: Greenfield, MA
  • Square Footage: 99,000
  • Price per Square Foot: $129

The sale of this multifamily property marks an important transaction in the real estate market. Brad Carlson, Taylor Perum, and Drew Kirkland from Northeast Private Client Group played a significant role in facilitating the deal on behalf of their client parties.

Players

Drew Kirkland
NorthEast Private Client Group
Drew Kirkland
18 deals$94.8M volume(857) 990-6802
BROKER
Taylor Perun
NorthEast Private Client Group
Taylor Perun
16 deals$162.5M volume
BROKER
Bradford (Brad) Carlson
NorthEast Private Client Group
Bradford Carlson
6 deals$45.3M volume
BROKER

Details

SOLD
IMAGE: Brad Carlson, Taylor Perum, & Drew Kirkland DATE: 05/06/2021 ADDRESS: 19 Bradford Drive MARKET: Greenfield, MA ASSET TYPE: Multifamily SELLER: Corridor Greenfield LLC BUYER: Pine Ridge Greenfield LLC BROKERS: Brad Carlson, Taylor Perum, & Drew Kirkland - Northeast Private Client Group ASKING PRICE: $13,200,000 SALE PRICE: $12,750,000 SF: 99,000 ~ PPSF: $129

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$679,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$45,298.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,441.50
Annual Debt Service$725,298.06