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38 Pleasant Street

Updated Dec 4, 2024

Century 21 Tradition Represents Buyer In $1.3M Sale Of Multifamily Property In Reading, MA
SOLDMultiFamily

Century 21 Tradition Represents Buyer In $1.3M Sale Of Multifamily Property In Reading, MA

38 Pleasant Street & 40 Pleasant Street

$1,300,000

$200/SF

Building Size

3,240 SF

Asset Type

MultiFamily

Closing

Dec 14, 2023

About this deal

AI

In Reading, MA, a multifamily property located at 38-40 Pleasant Street has been sold for $1,300,000. The property spans over 3,240 square feet, resulting in a price per square foot of $401.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Address: 38-40 Pleasant Street
  • Market: Reading, MA
  • Buyer's Representative: Steve Gould - Century 21 Tradition
  • Seller's Representative: Jennifer Hardin - True North Realty

The buyer, represented by Steve Gould of Century 21 Tradition, and the seller, Jennifer Hardin of True North Realty, successfully closed the transaction for the multifamily property at 38-40 Pleasant Street.

On the Map

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$1,300,000

$200/SF

MultiFamily

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Players

Jennifer Hardin

True North Realty

Broker

$2.4M

vol

2 deals

Broker

Reading MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $200 per square foot on a published $1.3M for 6,480 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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