Alliant Capital Acquires Stony Brook Apartments In Hyde Park For $17M
140-145 Navarre Street, Hyde Park, MA, USA
$17,000,000
$330/SF
Building Size
51,414 SF
Asset Type
MultiFamily
Closing
Feb 23, 2020
AI
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
Boston 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
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93