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

Property Image
SOLD
$2,300,000

Massachusetts

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MultiFamily7,084 SF
Sold 08/08/2023
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Property Image
SOLD

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

3 Warren Street

See Similar Deals
MultiFamily7,084 SF
Sold 08/08/2023
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$324
Total Square Footage:7,084 SF
Transaction Type:Sale

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
65 deals$388M volume
BROKER

Tony Pepdjonovic
Marcus & Millichap
77 deals$383.6M volume
BROKER

Will Sanborn
Marcus & Millichap
5 deals$23.6M volume
BROKER

Details

SOLD
IMAGE: Tony Pepdjonovic, Evan Griffith & Will Sanborn DATE: 08/08/2023 ADDRESS: 3 Warren St MARKET: Stoneham, MA ASSET TYPE: Multifamily SELLER: 3 Warren Street Realty Trust BROKERS: Evan Griffith, Tony Pepdjonovic & Will Sanborn - Marcus & Millichap (@MarcusMillichapBoston) SALE PRICE: $2,300,000 UNITS: 15 ~ PPU: $153,333 SF: 7,084 ~ PPSF: $325 NOTE: Marcus & Millichap has announced the sale of a 15-unit multifamily property in Stoneham, Massachusetts, with a sale price of $2.3 million.

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Debt Service Coverage Ratio (DSCR)

0.94x

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