Updated Dec 4, 2024
Keller Williams Acquires New Bedford Multifamily For $1.33M With Lanagan & Co
639 County Street & 647 County Street
$1,330,000
$66/SF
Building Size
9,999 SF
Asset Type
MultiFamily
Closing
Jan 25, 2024
About this deal
AI
A multifamily property located at 639-647 County Street in New Bedford, MA, was sold for $1,330,000. The property spans 9,999 square feet with a price per square foot of $133.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,330,000
- Address: 639-647 County Street
- Market: New Bedford, MA
- Buyer's Rep: Drew Carline - Keller Williams
- Seller's Rep: Jason P. Lanagan - Lanagan & Co
Drew Carline from Keller Williams represented the buyer in the transaction, while Jason P. Lanagan of Lanagan & Co represented the seller, facilitating the successful sale of the multifamily property.
Players
New Bedford 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
11.93%
Cash-on-Cash
-3.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93