SOLDMultiFamily
Marcus Millichap Sells 34 Unit Johns Avenue Apartments Holbrook Massachusetts
3 Johns Avenue
$7,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 27, 2025
AI
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
Holbrook 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93