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301 Grant Street

Multifamily Complex In Framingham, MA Sold For $6.2M With Marcus & Millichap Brokers
SOLDMultiFamily

Multifamily Complex In Framingham, MA Sold For $6.2M With Marcus & Millichap Brokers

301 Grant Street

$6,200,000

$304/SF

Building Size

20,360 SF

Asset Type

MultiFamily

Closing

Dec 27, 2023

AI

The Parkside Court Apartments in Framingham, MA, have been sold for $6.2 million. The buyer and seller have not been disclosed. The 30-unit multifamily complex, located at 301 Grant Street, was marketed by Evan Griffith, Tony Pepdjonovic, and Jeremy Buckley of Marcus & Millichap.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $6,200,000
  • Units: 30
  • Price per Unit: $206,667
  • Square Footage: 20,360
  • Price per Square Foot: $305
  • Address: 301 Grant Street
  • Market: Framingham, MA

The sale of Parkside Court Apartments was facilitated by Evan Griffith, Jeremy Buckley, and Tony Pepdjonovic, who are brokers representing Marcus & Millichap in the deal.

Players

Jeremy Buckley

Marcus & Millichap

Broker

$55.8M

vol

12 deals

Broker

Framingham 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

2.56%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93