Horvath & Tremblay Brokers $1.9M Sale Of 18-Unit Multifamily In Whitman, MA
55 Pleasant Street, Whitman, MA, USA
$1,925,000
$589/SF
Building Size
3,268 SF
Asset Type
MultiFamily
Closing
Mar 11, 2021
AI
A multifamily property located at 55-57 Pleasant Street, 16-18 Reed Place, 250 South Avenue, & 155 Broad Street in Whitman, MA has been sold. The property consists of 18 units and was sold for a total price of $1,925,000, resulting in a per unit price of $106,944.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,925,000
- Units: 18
The sale was facilitated by broker Jason Kulik from Horvath & Tremblay.
Players
Whitman 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
8.24%
Cash-on-Cash
-2.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93