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40-76 Hollis Street

Alexander Kuritnik Acquires Mixed-Use Property In Framingham, MA For $5.025M
SOLDMixed-use

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

Dennis Kelleher

Horvath & Tremblay

Broker

$561.5M

vol

96 deals

Broker

Market 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

3.16%

Cash-on-Cash

-0.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93