Sammy Chen Acquires Multifamily Property In Braintree, Massachusetts For $1.07M
60 Franklin Street, Braintree, Massachusetts 02184, United States
$1,070,000
$354/SF
Building Size
3,016 SF
Asset Type
MultiFamily
Closing
Jan 3, 2022
AI
The multifamily property located at 58-60 Franklin St in Braintree, MA has recently been sold for a total price of $1,070,000. The transaction took place on January 3, 2022. The property spans an area of 3,016 square feet, resulting in a price per square foot of $355.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,070,000
- Address: 58-60 Franklin St, Braintree, MA
- Market: Braintree, MA
Sammy Chen from Denkar Realty Group represented the buyer in this transaction, while James O'Brien from Olde Towne Real Estate Co. represented the seller.
Players
Braintree 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
14.83%
Cash-on-Cash
-4.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93