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10 Centennial Place

Framingham Multifamily Sold For $6.575M With Brokers Ryan Quinn John Federico & Harry Verenis
SOLDMultiFamily

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

Harry Verenis

Grove Property Group

Broker

$29.6M

vol

11 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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