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Historic Roosevelt Apartments Sold In New Bedford For $8.675M With Marcus & Millichap As Brokers
SOLD
$8,675,000
Massachusetts
See Similar DealsMultiFamily
Sold 04/24/2026
SOLD
Historic Roosevelt Apartments Sold In New Bedford For $8.675M With Marcus & Millichap As Brokers
415 County Street
See Similar DealsMultiFamily
Sold 04/24/2026
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
The Roosevelt Apartments is a historic multifamily building located at 415 County Street in New Bedford, MA. This 73-unit property was sold for a total transaction price of $8,675,000, resulting in a price per unit of $118,836.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,675,000
- Units: 73
- Price Per Unit: $118,836
- Address: 415 County Street
- Market: New Bedford, MA
- Brokers: Evan Griffith & Tony Pepdjonovic - Marcus & Millichap
Evan Griffith and Tony Pepdjonovic represented the transaction on behalf of Marcus & Millichap, successfully brokering the sale and sourcing the buyer for the property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$462,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,820.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,123.93
Annual Debt Service$493,487.11
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