Marcus & Millichap Sells Woonsocket Multifamily For $4.9M At 77 Fulton St
SOLD
$4,875,000
Rhode Island
See Similar DealsMultiFamily24,099 SF
Sold 09/28/2021
SOLD
Marcus & Millichap Sells Woonsocket Multifamily For $4.9M At 77 Fulton St
77 Fulton St, Woonsocket, RI, USA
See Similar DealsMultiFamily24,099 SF
Sold 09/28/2021
Summary
RHODE ISLAND
Asset Type:MultiFamily
Price Per Square Foot:$202
Total Square Footage:24,099 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$259,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,319.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,109.99
Annual Debt Service$277,319.85
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