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192 Main Street

Sam Takla & David Restic Facilitate $1.15M Sale In Medway Multifamily Transaction
SOLDMultiFamily

Sam Takla & David Restic Facilitate $1.15M Sale In Medway Multifamily Transaction

192 Main Street

$1,150,000

$162/SF

Building Size

7,061 SF

Asset Type

MultiFamily

Closing

Mar 26, 2024

AI

Located at 192 Main St, Medway, MA, a 6-unit multi-family property was recently sold for $1,150,000. This property spans 7,061 square feet and was transacted at a price per unit of $191,667 and a price per square foot of $163. The asset offers immediate income potential with vacant units, separate utilities, and natural gas heating in most units.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,150,000
  • Units: 6
  • Square Footage: 7,061
  • Price per Unit: $191,667
  • Price per Square Foot: $163
  • Address: 192 Main Street
  • Market: Medway, MA

Sam Takla from Coldwell Banker represented the buyer, while David Restic from Property Services Network represented the seller in this transaction.

Players

Sam Takla

Coldwell Banker

Broker

$3.7M

vol

3 deals

Broker

Medway 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

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93