Northeast Private Client Group Sells Mixed-Use Property In Gardner, MA For $2.32M
280 Central Street, Gardner, Massachusetts 01440, United States
$2,320,000
Building Size
—
Asset Type
Mixed-use
Closing
Jan 8, 2023
AI
A mixed-use property located at 280-320 Central Street in Gardner, MA has been sold for $2,320,000. The transaction took place on January 9, 2023. The property is situated in the Gardner market, offering a combination of residential and commercial spaces.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $2,320,000
- Address: 280-320 Central Street, Gardner, MA
- Date: January 9, 2023
- Market: Gardner, MA
The sale of this mixed-use property was facilitated by Tim McGeary from Northeast Private Client Group. As the broker representing the deal, Tim McGeary played a crucial role in the successful transaction.
Gardner Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.84%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93