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38 Pierce Street

FC Realty Group Acquires Multifamily Property In Milton, MA For $1.125M
SOLDMultiFamily

FC Realty Group Acquires Multifamily Property In Milton, MA For $1.125M

38 Pierce Street

$1,125,000

$406/SF

Building Size

2,766 SF

Asset Type

MultiFamily

Closing

Dec 8, 2023

AI

38 Pierce Street, a multifamily property located in Milton, MA, has been sold for $1,125,000. The property spans 2,766 square feet, resulting in a price per square foot of $407.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,125,000
  • Address: 38 Pierce Street, Milton, MA
  • Market: Milton, MA

Colleen Foulsham of FC Realty Group represented the buyer in the transaction, while the seller was represented by the Nichols Realty Team of MIG.

Please note that the sale of 38 Pierce Street marks the completion of this multifamily property transaction in Milton, MA.

Players

Colleen Foulsham

FC Realty Group

Broker

$4.3M

vol

3 deals

Broker

Milton MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.10%

Cash-on-Cash

-4.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93