Updated Oct 29, 2024
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
Stoneham 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93