Updated Dec 21, 2023
Morgan Franklin Sells Lenox Condo For $2.1M
165 Kemble Street, Lenox, MA, USA
$2,100,000
$1,050/SF
Building Size
2,000 SF
Asset Type
—
Closing
Feb 28, 2021
About this deal
AI
A condo located at 165 Kemble Street in Lenox, MA, was recently sold in a closed transaction. The deal was facilitated by broker Morgan Franklin, representing the parties involved. The property, situated at Canyon Ranch in Lenox, the Berkshires, was sold sight unseen.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,100,000
- Asking Price: $2,200,000
- Square Footage: 2,000
- Price per Square Foot: $1,050
- Market: Lenox, MA
The successful sale of the condo highlights the expertise and negotiation skills of broker Morgan Franklin. Despite being a sight unseen deal, the transaction was completed smoothly, showcasing the trust and confidence in the Canyon Ranch community in Lenox, the Berkshires.
Lenox CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $2.1M for 2,000 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93