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
Milton 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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93