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Marcus & Millichap Sells Multifamily Property In Blackstone, MA For $1.54M

Property Image
SOLD
$1,540,000

Massachusetts

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MultiFamily10,000 SF
Sold 01/31/2022
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Property Image
SOLD

Marcus & Millichap Sells Multifamily Property In Blackstone, MA For $1.54M

22 Canal St, Blackstone, Massachusetts 01504, United States

See Similar Deals
MultiFamily10,000 SF
Sold 01/31/2022
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$154
Total Square Footage:10,000 SF
Transaction Type:Sale

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

Harry Verenis
11 deals$29.6M volume
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Harry Verenis DATE: 01/31/2022 ADDRESS: 22-30 Canal St MARKET: Blackstone, MA ASSET TYPE: Multifamily BROKER: Harry Verenis - Marcus & Millichap (@MarcusMillichapBoston) SALE PRICE: $1,540,000 UNITS: 19 ~ PPU: $81,053 SF: 10,000 ~ PPSF: $154

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$5,471.30
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