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19 Bradford Drive, Greenfie...

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

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

19 Bradford Drive, Greenfield, Massachusetts, USA

$12,750,000

$128/SF

Building Size

99,000 SF

Asset Type

MultiFamily

Closing

May 5, 2021

AI

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

Broker

$94.8M

vol

18 deals

Broker

Greenfield 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

1.24%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93