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280 Central Street, Gardner...

Northeast Private Client Group Sells Mixed-Use Property In Gardner, MA For $2.32M
SOLDMixed-use

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.

Players

Tim McGeary

NorthEast Private Client Group

Broker

$67.8M

vol

15 deals

Broker

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