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84 River Road, Marstons Mil...

Updated Dec 19, 2023

Kinlin Grover Compass Sells Multifamily Property In Marstons Mills, MA For $2.15M
SOLDMultiFamily

Kinlin Grover Compass Sells Multifamily Property In Marstons Mills, MA For $2.15M

84 River Road, Marstons Mills, Massachusetts 02648, United States

$2,150,000

$30/SF

Building Size

71,003 SF

Asset Type

MultiFamily

Closing

Oct 30, 2022

About this deal

AI

A multifamily property located at 84 River Rd in Marstons Mills, MA has been sold for a price of $2,150,000. The property spans a total square footage of 71,003 and was sold at an average price of $30 per square foot.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,150,000
  • Address: 84 River Rd, Marstons Mills, MA
  • Market: Marstons Mills, MA
  • Square Footage: 71,003

The sale was facilitated by Lynda Day of Kinlin Grover Compass, who represented the parties involved in the transaction.

Players

Compass
CompassBrokerage

Marstons Mills MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $30 per square foot on a published $2.2M for 71,003 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.38%

Cash-on-Cash

-2.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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