Marcus & Millichap Sells Woonsocket Multifamily For $4.9M At 77 Fulton St
77 Fulton St, Woonsocket, RI, USA
$4,875,000
$202/SF
Building Size
24,099 SF
Asset Type
MultiFamily
Closing
Sep 28, 2021
AI
A multifamily property located at 77 Fulton St in Woonsocket, RI has recently been sold for a price of $4,875,000. The transaction took place on 09/28/2021 and was facilitated by broker Harry Verenis from Marcus & Millichap. The property consists of 36 units, resulting in a per unit price of $135,417.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,875,000
- Address: 77 Fulton St, Woonsocket, RI
- Market: Woonsocket, RI
- Broker: Harry Verenis - Marcus & Millichap
- Units: 36
- Price Per Unit: $135,417
Harry Verenis from Marcus & Millichap played a key role as the broker in facilitating this transaction. The sale of this multifamily property is a significant deal in the Woonsocket market, showcasing the demand for such assets in the area.
Players
Woonsocket 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
3.25%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93