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911 North Main Street, Broc...

Nick Jasinski & Kurt Cawley Broker Team Sell Multifamily Property In Brockton, MA For $1.25M
SOLDMultiFamily

Nick Jasinski & Kurt Cawley Broker Team Sell Multifamily Property In Brockton, MA For $1.25M

911 North Main Street, Brockton, Massachusetts, USA

$1,250,000

$171/SF

Building Size

7,270 SF

Asset Type

MultiFamily

Closing

Dec 9, 2020

AI

The multifamily property located at 911 N. Main Street in Brockton, MA was recently sold. The transaction took place on December 10, 2020. The property consists of 14 units with a total square footage of 7,270. The asking price for the property was $1,200,000, and it was sold for a price of $1,250,000, resulting in a price per square foot of $172. The sale price equates to an average of $89,286 per unit.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,250,000
  • Address: 911 N. Main Street, Brockton, MA
  • Market: Brockton, MA
  • Square Footage: 7,270
  • Asking Price: $1,200,000
  • Price per Square Foot: $172
  • Units: 14
  • Price per Unit: $89,286

The brokerage team responsible for facilitating the sale of this property included Nick Jasinski and Kurt Cawley. They were the representatives for both the buyer and seller in the transaction.

Players

Kurt Cawley

Broker

$28.5M

vol

8 deals

Broker

Brockton 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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93