Updated Dec 21, 2023
Colonial Manor Realty Sells Multifamily Property In Reading, MA For $1.05M
54 Village Street, Reading, Massachusetts 01867, United States
$1,050,000
$287/SF
Building Size
3,658 SF
Asset Type
MultiFamily
Closing
May 18, 2022
About this deal
AI
The multifamily property located at 48-54 Village St in Reading, MA has been sold. The property spans 3,658 square feet and was sold for a price of $1,050,000, resulting in a price per square foot of $287.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 48-54 Village St
- Market: Reading, MA
- Buyer's Rep: Bobbie Botticelli - Colonial Manor Realty
- Seller's Rep: Rick Nazzaro - Colonial Manor Realty
Bobbie Botticelli from Colonial Manor Realty represented the buyer in this transaction, while Rick Nazzaro, also from Colonial Manor Realty, represented the seller.
Players
Reading 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93