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Al Abbaspour Acquires Multifamily Property In Natick, MA For $1.2M
SOLD
$1,194,600
Massachusetts
See Similar DealsMultiFamily2,850 SF
Sold 12/12/2023
SOLD
Al Abbaspour Acquires Multifamily Property In Natick, MA For $1.2M
9 Western Avenue
See Similar DealsMultiFamily2,850 SF
Sold 12/12/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$419
Total Square Footage:2,850 SF
Transaction Type:Sale
A multifamily property at 9 Western Avenue in Natick, MA, changed hands for $1,194,600. The property spans 2,850 square feet and was sold at a price of $419 per square foot.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,194,600
- Location: 9 Western Avenue, Natick, MA
- Square Footage: 2,850
- Price per Square Foot: $419
- Buyer's Representative: Al Abbaspour - Realty Executives Boston West
- Seller's Representative: The Allain Group - Compass
Realty Executives Boston West represented the buyer, Al Abbaspour, in the transaction. The Allain Group, affiliated with Compass, served as the seller's representative. This closed deal signifies the successful transfer of ownership for the multifamily property at 9 Western Avenue.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$63,712.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,244.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,663.01
Annual Debt Service$67,956.16
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