Updated Dec 4, 2024
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.
Shrewsbury 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93