Updated Dec 4, 2024
Multifamily Property In Norwood, MA Sold For $1.065M With Buyer's & Seller's Reps
25-27 Florence Avenue
$1,065,000
$343/SF
Building Size
3,099 SF
Asset Type
MultiFamily
Closing
Mar 15, 2024
About this deal
AI
A multifamily property located at 25-27 Florence Avenue in Norwood, MA, was recently sold for $1,065,000. The property spans 3,099 square feet, resulting in a price per square foot of $344.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,065,000
- Address: 25-27 Florence Avenue
- Market: Norwood, MA
- Buyer's Rep: John Maxfield - Maxfield & Company Real Estate
- Seller's Rep: Tony Camarra - Camber Real Estate
The transaction was facilitated by John Maxfield of Maxfield & Company Real Estate, who represented the buyer, while the seller was represented by Tony Camarra of Camber Real Estate.
Players
Norwood 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
14.89%
Cash-on-Cash
-4.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93