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

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SOLD
$6,200,000

Massachusetts

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MultiFamily20,360 SF
Sold
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Property Image
SOLD

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

301 Grant Street

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MultiFamily20,360 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$304
Total Square Footage:20,360 SF
Transaction Type:Sale

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
12 deals$55.8M volume(781) 413-6250
BROKER

Evan Griffith
Marcus & Millichap
65 deals$388M volume
BROKER

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

Details

SOLD
IMAGE: Tony Pepdjonovic, Evan Griffith & Jeremy Buckley DATE: 12/27/2023 ADDRESS: 301 Grant Street MARKET: Framingham, MA ASSET TYPE: Multifamily BROKERS: Evan Griffith, Jeremy Buckley & Tony Pepdjonovic - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $6,200,000 UNITS: 30 ~ PPU: $206,667 SF: 20,360 ~ PPSF: $305 NOTE: Parkside Court Apartments in Framingham, MA, has been sold for $6.2 million, with the buyer and seller remaining undisclosed. Marketed by Evan Griffith, Tony Pepdjonovic, and Jeremy Buckley of Marcus & Millichap, the 30-unit multifamily complex at 301 Grant St.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$330,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
Annual Debt Service$352,693.96