Updated Dec 4, 2024
Thomas Steeves Acquires Attleboro Multifamily For $2.5M With Seller's Rep Susan Lee
425 Brown Street
$2,500,000
$201/SF
Building Size
12,400 SF
Asset Type
MultiFamily
Closing
Dec 24, 2023
About this deal
AI
In Attleboro, Massachusetts, a multifamily property located at 425 Brown Street was recently sold for $2,500,000. The property spans across 12,400 square feet, resulting in a price per square foot of $202. Thomas Steeves from Maritime Real Estate represented the buyer in this transaction, while Susan Lee from Keller Williams represented the seller.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Square Footage: 12,400
- Price per Square Foot: $202
- Address: 425 Brown Street, Attleboro, MA
- Buyer's Representative: Thomas Steeves - Maritime Real Estate
- Seller's Representative: Susan Lee - Keller Williams
This successful transaction was made possible through the representation of Thomas Steeves from Maritime Real Estate as the buyer's representative and Susan Lee from Keller Williams as the seller's representative.
Players
Attleboro 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93