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417 Warren Avenue, Brockton...

Boston Trust Realty Group Acquires Multifamily Property In Brockton, MA For $650,000
SOLDMultiFamily

Boston Trust Realty Group Acquires Multifamily Property In Brockton, MA For $650,000

417 Warren Avenue, Brockton, MA, USA

$650,000

$68/SF

Building Size

9,531 SF

Asset Type

MultiFamily

Closing

Mar 21, 2021

AI

A multifamily property located at 417 Warren Avenue in Brockton, MA has been sold. The property spans 9,531 square feet and was listed for sale with an asking price of $594,900. The sale was completed on 03/22/2021, with a final sale price of $650,000. The price per square foot for this transaction was approximately $68.

Summary of transaction details:

Julian Addy from MIG and Boston Trust Realty Group represented the involved parties in this transaction. The sale of this multifamily property showcases the strong real estate market in Brockton, MA.

Players

Julian Addy

William Raveis Real Estate

Broker

$19.7M

vol

22 deals

Broker
Boston Trust Realty Group
Boston Trust Realty GroupBrokerage

Brockton 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

24.40%

Cash-on-Cash

-6.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93