Updated Dec 4, 2024
Marcus & Millichap Sells Adams Street Portfolio In Abington, Massachusetts For $2.8M
401 Adams Street, 409 Adams Street & 411 Adams Street
$2,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 11, 2023
About this deal
AI
Marcus & Millichap has announced the sale of the Adams Street Portfolio in Abington, Massachusetts. The three-building property, located at 401, 409, and 411 Adams Street, sits on 1.2 acres of land. The multifamily asset was sold for a total price of $2,800,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,800,000
- Market: Abington, MA
- Broker: Evan Griffith & Tony Pepdjonovic - Marcus & Millichap
Evan Griffith and Tony Pepdjonovic, from Marcus & Millichap, represented the sellers in this transaction. They played a crucial role in overseeing the sale of the Adams Street Portfolio in Abington, Massachusetts.
Players
Abington 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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93