facebook
Traded Co logo
Submit
Daily limit: 0/10

Multifamily Property In Shrewsbury, MA Sells For $1.7M With Richard Ovian As The Broker

Property Image
SOLD
$1,700,000

Massachusetts

See Similar Deals
MultiFamily6,805 SF
Sold 10/02/2023
the dealplayerscompscontact
Property Image
SOLD

Multifamily Property In Shrewsbury, MA Sells For $1.7M With Richard Ovian As The Broker

592-594 Main Street

See Similar Deals
MultiFamily6,805 SF
Sold 10/02/2023
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$249
Total Square Footage:6,805 SF
Transaction Type:Sale

A multifamily property located at 592-594 Main Street in Shrewsbury, Massachusetts, was sold for $1,700,000. The property encompasses 6,805 square feet, resulting in a price per square foot (PPSF) of $250. The transaction was facilitated by broker Richard Ovian of BA Property & Lifestyle Advisors.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,700,000
  • Square Footage: 6,805
  • Price per Square Foot (PPSF): $250
  • Address: 592-594 Main Street, Shrewsbury, MA
  • Market: Shrewsbury, MA

The sale of this multifamily property was handled by Richard Ovian of BA Property & Lifestyle Advisors. Ovian played a crucial role in facilitating the transaction, ensuring a successful deal for the parties involved.

Players

Richard Ovian
1 deal$1.7M volume(508) 853-0965
BROKER

Details

SOLD
IMAGE: Richard Ovian DATE: 10/02/2023 ADDRESS: 592-594 Main Street MARKET: Shrewsbury, MA ASSET TYPE: Multifamily BROKER: Richard Ovian - BA Property & Lifestyle Advisors SALE PRICE: $1,700,000 SF: 6,805 ~ PPSF: $250 NOTE: A multifamily property located at 592-594 Main Street in Shrewsbury, Massachusetts, was sold for $1,700,000. The property encompasses 6,805 square feet, resulting in a price per square foot (PPSF) of $250, with the transaction facilitated by broker Richard Ovian of BA Property & Lifestyle Advisors.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$90,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41