Updated Dec 18, 2023
Ferrari Property Group Acquires Marlborough Multifamily For $1.2M
566 Lincoln Street, Marlborough, Massachusetts 01752, United States
$1,200,000
$359/SF
Building Size
3,336 SF
Asset Type
MultiFamily
Closing
Apr 28, 2022
About this deal
AI
A multifamily property located at 566 Lincoln St in Marlborough, MA has been sold for a price of $1,200,000. The property measures 3,336 square feet, resulting in a price per square foot of $360. The sale took place on 04/29/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 566 Lincoln St, Marlborough, MA
- Market: Marlborough, MA
- Square Footage: 3,336
- Price per Square Foot: $360
Ferrari Property Group from Keller Williams Realty Greater Worcester represented the buyer and seller in this transaction.
Players
Marlborough 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93