The Henry Perkins Company Acquires Approved Multifamily Site In Bridgewater For $3.5M
180 Broad Street
$3,500,000
$6/SF
Building Size
507,038 SF
Asset Type
Development Site
Closing
Nov 24, 2025
AI
The asset involved in this transaction is an approved multifamily site located at 180 Broad Street in Bridgewater, MA. The property was sold for $3,500,000, which equates to approximately $6 per square foot, encompassing a total of 507,038 square feet.
Summary of transaction details:
- Property Type: Approved Multifamily Site
- Transaction Amount: $3,500,000
- Address: 180 Broad Street
- Market: Bridgewater, MA
- Square Footage: 507,038
- Price Per Square Foot: $6
- Buyer: The Henry Perkins Company
- Seller: Edgewood Development Company
- Seller's Representatives: Bruce Lusa, Christopher Sower, Ryan Mowery, An Nguyen, Mary VanNatta, Julie Regan & Andrew Herald - Cushman & Wakefield
This transaction involved the buyer, The Henry Perkins Company, acquiring the property from Edgewood Development Company, with a team of representatives from Cushman & Wakefield facilitating the sale. Notably, the individuals representing the seller were Bruce Lusa, Christopher Sower, Ryan Mowery, An Nguyen, Mary VanNatta, Julie Regan, and Andrew Herald.
Players
Bridgewater Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93