Alexander Kuritnik Acquires Mixed-Use Property In Framingham, MA For $5.025M
SOLD
$5,025,000
Massachusetts
See Similar DealsMixed-use38,782 SF
Sold 03/23/2023
SOLD
Alexander Kuritnik Acquires Mixed-Use Property In Framingham, MA For $5.025M
40-76 Hollis Street
See Similar DealsMixed-use38,782 SF
Sold 03/23/2023
Summary
MASSACHUSETTS
Asset Type:Mixed-use
Price Per Square Foot:$129
Total Square Footage:38,782 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$268,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,852.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,821.06
Annual Debt Service$285,852.76
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