Matthew Sears Of Armstrong Field Real Estate Brokers $2.75M Farm Sale In South Hamilton, MA
25 Gardner Street
$2,750,000
$503/SF
Building Size
5,461 SF
Asset Type
Farm
Closing
Mar 28, 2024
AI
25 Gardner St. in Hamilton, MA, is a 5,461 square foot farm that was recently sold for $2.75 million at a price per square foot of $504. This property, located in South Hamilton, MA, was on the market for the first time in over 70 years.
Summary of transation details:
- Property Type: Farm
- Transaction Amount: $2,750,000
- Address: 25 Gardner Street
- Market: South Hamilton, MA
- Broker: Matthew Sears - Armstrong Field Real Estate
The sale of 25 Gardner St. involved Matthew Sears from Armstrong Field Real Estate as the broker representing the deal. This transaction marks a significant event for the property, changing ownership after being held for more than 70 years.
South Hamilton Farm Market Snapshot
Boundary boundary · Farm · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93