David Wellons Purchases Multifamily Property From Joshua Therrien In Northbridge For $2.9M
2-24 D St
$2,900,000
$206/SF
Building Size
14,060 SF
Asset Type
MultiFamily
Closing
May 14, 2026
AI
The multifamily asset located at 2-24 D Street in Northbridge, MA has been sold for $2,900,000. The property comprises 12 units and spans a total of 14,060 square feet, resulting in a price per unit of $241,666 and a price per square foot of $206.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Units: 12
- Square Footage: 14,060
- Price Per Unit: $241,666
- Price Per Square Foot: $206
- Buyer: David Wellons
- Seller: Joshua Therrien
- Broker: Ethan Lazar - Horvath & Tremblay
Ethan Lazar represented the seller in this transaction, facilitating the deal between David Wellons and Joshua Therrien. Horvath & Tremblay served as the brokerage firm handling the sale.
Players
Tensed MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93