Marcus & Millichap Sells Multifamily Property In Blackstone, MA For $1.54M
22 Canal St, Blackstone, Massachusetts 01504, United States
$1,540,000
$154/SF
Building Size
10,000 SF
Asset Type
MultiFamily
Closing
Jan 30, 2022
AI
The multifamily property located at 22-30 Canal St in Blackstone, MA recently sold for a price of $1,540,000. The transaction was facilitated by broker Harry Verenis from Marcus & Millichap. The property consists of 19 units, with an average price per unit of $81,053. The total square footage of the property is 10,000, resulting in a price per square foot of $154.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,540,000
- Address: 22-30 Canal St, Blackstone, MA
- Market: Blackstone, MA
- Broker: Harry Verenis - Marcus & Millichap
- Units: 19
- Price per Unit: $81,053
- Total Square Footage: 10,000
- Price per Square Foot: $154
This successful transaction was made possible by the efforts of broker Harry Verenis from Marcus & Millichap. The sale of the multifamily property exemplifies the expertise and negotiation skills of the involved parties.
Players
Blackstone MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.30%
Cash-on-Cash
-2.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93