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22 Canal St, Blackstone, Ma...

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

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

Harry Verenis

Grove Property Group

Broker

$29.6M

vol

11 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

Blackstone 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

10.30%

Cash-on-Cash

-2.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93