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Marcus Millichap Sells 34 Unit Johns Avenue Apartments Holbrook Massachusetts
SOLD
Massachusetts
See Similar DealsMultiFamily
Sold 07/27/2025
SOLD
Marcus Millichap Sells 34 Unit Johns Avenue Apartments Holbrook Massachusetts
3 Johns Avenue
See Similar DealsMultiFamily
Sold 07/27/2025
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
The Johns Avenue Apartments is a 34-unit multifamily property at 3 Johns Avenue in Holbrook, MA, that sold for $7,000,000 ($205,882 per unit) in the Holbrook market.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Units: 34
- Price Per Unit: $205,882
- Address: 3 Johns Avenue
- Market: Holbrook, MA
- Brokers: Tony Pepdjonovic - Marcus & Millichap; Evan Griffith - Marcus & Millichap
- Date of Sale: 07/27/2025
The deal was brokered by Marcus & Millichap's Griffith Pepdjonovic Group, led by Tony Pepdjonovic and Evan Griffith, amid strong investor demand for mid-sized assets.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$373,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,869.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,183.57
Annual Debt Service$398,202.85
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