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592-594 Main Street

Updated Dec 4, 2024

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

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

592-594 Main Street

$1,700,000

$249/SF

Building Size

6,805 SF

Asset Type

MultiFamily

Closing

Oct 2, 2023

About this deal

AI

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

BA Property & Lifestyle Advisors

Broker

$1.7M

vol

1 deal

Broker

Shrewsbury MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $249 per square foot on a published $1.7M for 6,805 square feet (2023).

Visit BA Property & Lifestyle Advisors to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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