Alliant Capital Acquires Stony Brook Apartments In Hyde Park For $17M
SOLD
$17,000,000
Massachusetts
See Similar DealsMultiFamily51,414 SF
Sold 02/24/2020
SOLD
Alliant Capital Acquires Stony Brook Apartments In Hyde Park For $17M
140-145 Navarre Street, Hyde Park, MA, USA
See Similar DealsMultiFamily51,414 SF
Sold 02/24/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$330
Total Square Footage:51,414 SF
Transaction Type:Sale
The multifamily property located at 140-145 Navarre Street & 150 Clare Avenue, also known as Stony Brook Apartments, was sold in Hyde Park. The transaction took place on February 24, 2020.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $17,000,000
- Address: 140-145 Navarre Street & 150 Clare Avenue (Stony Brook Apartments)
- Market: Hyde Park
- Square Footage: 51,414 SF
- Price per Square Foot: $330
The property was sold by Lincoln Avenue Capital, LLC, represented by Yoni Gruskin, Andrew Cribbs, and Tyler Conge. The buyer, Alliant Capital, was represented by Shawn Horwitz, Charles Allen, and Jen Erixon.
Players
BUYER
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$906,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,397.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$80,588.67
Annual Debt Service$967,064.08
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