Alexander Kuritnik Acquires Mixed-Use Property In Framingham, MA For $5.025M
40-76 Hollis Street
$5,025,000
$129/SF
Building Size
38,782 SF
Asset Type
Mixed-use
Closing
Mar 23, 2023
AI
A mixed-use property located at 40-76 Hollis Street in Framingham, MA has been sold for a total price of $5,025,000. The property spans a total area of 38,782 square feet, resulting in a price per square foot of $130. It consists of 31 units, with an average price per unit of $162,097.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $5,025,000
- Address: 40-76 Hollis Street, Framingham, MA
- Market: Framingham, MA
- Square Footage: 38,782
- Price per Square Foot: $130
- Number of Units: 31
- Price per Unit: $162,097
The buyer of the property is Alexander Kuritnik, while Herbert Strachman is the seller. The deal was facilitated by brokers Ryan Benton, Dennis Kelleher, and John Pentore of Horvath & Tremblay.
Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.16%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93