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3 Warren Street

Updated Oct 29, 2024

Marcus & Millichap Sells Stoneham Multifamily Property For $2.3M With Brokers Evan Griffith, Tony Pepdjonovic & Will Sanborn
SOLDMultiFamily

Marcus & Millichap Sells Stoneham Multifamily Property For $2.3M With Brokers Evan Griffith, Tony Pepdjonovic & Will Sanborn

3 Warren Street

$2,300,000

$324/SF

Building Size

7,084 SF

Asset Type

MultiFamily

Closing

Aug 8, 2023

About this deal

AI

A 15-unit multifamily property located at 3 Warren St in Stoneham, Massachusetts has been sold for $2.3 million. The property is situated on a 7,084 square foot lot and offers a sale price per square foot of $325. With a total of 15 units, the price per unit comes out to approximately $153,333. The sale was facilitated by the brokerage firm Marcus & Millichap and involved the seller, 3 Warren Street Realty Trust.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,300,000
  • Address: 3 Warren St, Stoneham, MA
  • Market: Stoneham, MA
  • Brokers: Evan Griffith, Tony Pepdjonovic & Will Sanborn - Marcus & Millichap
  • Units: 15
  • Square Footage: 7,084

Marcus & Millichap played a key role in the sale of this multifamily property. The brokers involved in the transaction were Evan Griffith, Tony Pepdjonovic, and Will Sanborn, all representing Marcus & Millichap. Their expertise and negotiation skills contributed to the successful completion of this sale.

Players

Evan Griffith

Marcus & Millichap

Broker

$439.1M

vol

67 deals

Broker

Stoneham MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $324 per square foot on a published $2.3M for 7,084 square feet (2023).

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Browse Stoneham multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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