Updated Oct 23, 2026
Purchases Multifamily Asset At 40 Ames Avenue Canton For $6.7M From Peter Genta
40 Ames Avenue
$6,700,000
$285/SF
Building Size
23,496 SF
Asset Type
MultiFamily
Closing
Aug 19, 2026
About this deal
AI
The property asset involved in the transaction is a multi-family building located at 40 Ames Avenue in Canton, MA. The property was sold for $6,700,000 and consists of 18 units. The total square footage of the asset is 23,496, resulting in a price per unit of $372,222 and a price per square foot of $285.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $6,700,000
- Units: 18
- Square Footage: 23,496
- Price Per Unit: $372,222
- Price Per Square Foot: $285
- Seller: Peter Genta
- Brokers: Jim Casey, Francis Saenz & Drew Kirkland - NorthEast Private Client Group
- Transaction Date: 08/19/2026
- Market: Canton, MA
The key individuals involved in the deal include the seller, Peter Genta, and the brokers representing the transaction, Jim Casey, Francis Saenz, and Drew Kirkland from NorthEast Private Client Group. Their roles facilitated the successful transfer of the property asset in this multi-family transaction.
On the Map
$6,700,000
$285/SF
MultiFamily
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Players
Canton 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
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93