Framingham Multifamily Sold For $6.575M With Brokers Ryan Quinn John Federico & Harry Verenis
10 Centennial Place
$6,575,000
$249/SF
Building Size
26,400 SF
Asset Type
MultiFamily
Closing
Aug 28, 2024
AI
The property asset at 10 Centennial Place in Framingham, MA is a multifamily structure consisting of 22 units. It encompasses a total square footage of 26,400, with a price per unit of $298,863 and a price per square foot of $249. The transaction was executed at a sale price of $6,575,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,575,000
- Number of Units: 22
- Square Footage: 26,400
- Price Per Unit: $298,863
- Price Per Square Foot: $249
- Date of Transaction: 08/28/2024
- Market: Framingham, MA
In this transaction, the brokers involved were Ryan Quinn, John Federico, and Harry Verenis, representing Grove Property Group. Their role was critical in facilitating the details surrounding this multifamily property deal.
Players
Framingham 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
2.41%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93