Updated Oct 28, 2024
Metropolitan Properties Inc Acquires Tewksbury Multifamily For $39M
100 Donny Martel Way, Tewksbury, MA 01876
$39,000,000
$202/SF
Building Size
192,971 SF
Asset Type
MultiFamily
Closing
Nov 15, 2021
About this deal
AI
The multifamily property located at 100 Donny Martel Way in Tewksbury, MA has been sold for a total of $39,000,000. The transaction took place on November 15, 2021. The property consists of 96 units, resulting in a per-unit price of $406,250. The sale was facilitated by Metropolitan Properties Inc, represented by Jeffrey Cohen, as the buyer. A&M Land Corp acted as the seller in this transaction.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $39,000,000
- Units: 96
- Price Per Unit: $406,250
- Buyer: Metropolitan Properties Inc - Jeffrey Cohen
- Seller: A&M Land Corp
Jeffrey Cohen of Metropolitan Properties Inc played a key role as the buyer's representative in the sale of this multifamily property in Tewksbury, MA. The deal signifies a significant transaction in the local market and highlights the continued demand for multifamily assets.
On the Map
$39,000,000
$202/SF
MultiFamily
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Players
Tewksbury MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.41%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93