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

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SOLD
$650,000

Massachusetts

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MultiFamily9,531 SF
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SOLD

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

417 Warren Avenue, Brockton, MA, USA

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MultiFamily9,531 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$68
Total Square Footage:9531 SF
Transaction Type:Sale

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
22 deals$19.7M volume(646) 306-9848
BROKER

Boston Trust Realty Group
BROKERAGE

Details

SOLD
IMAGE: Julian Addy DATE: 03/22/2021 ADDRESS: 417 Warren Avenue MARKET: Brockton, MA ASSET TYPE: Multifamily BROKERS: Julian Addy - MIG (@migrealty) - Boston Trust Realty Group (@btrealtygroup) ASKING PRICE: $594,900 SALE PRICE: $650,000 SF: 9,531 ~ PPSF: $68

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,309.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,081.33
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