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174 Pine Street

George Dabney Acquires Multifamily Asset From Harris Baseman At 174 Pine Street For $10.5M
SOLDMultiFamily

George Dabney Acquires Multifamily Asset From Harris Baseman At 174 Pine Street For $10.5M

174 Pine Street

$10,500,000

$336/SF

Building Size

31,191 SF

Asset Type

MultiFamily

Closing

Jun 3, 2025

AI

The property involved in the transaction is a multifamily asset located at 174 Pine Street in Holbrook, MA. The sale price was $10,500,000, encompassing 36 units across a total square footage of 31,191, resulting in a price per unit of $291,666 and a price per square foot of $336.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $10,500,000
  • Address: 174 Pine Street
  • Market: Holbrook, MA
  • Units: 36
  • Square Footage: 31,191
  • Price Per Unit: $291,666
  • Price Per Square Foot: $336
  • Buyer: George Dabney
  • Seller: Harris Baseman
  • Brokers: Dennis Kelleher, John Pentore & Jason Kulik - Horvath & Tremblay

The transaction was facilitated by brokers Dennis Kelleher, John Pentore, and Jason Kulik, representing the parties in the deal. Their involvement contributed to the closing of this multifamily property transaction on 6/4/2025.

Players

Dennis Kelleher

Horvath & Tremblay

Broker

$561.5M

vol

96 deals

Broker
Horvath & Tremblay
Horvath & TremblayBrokerage

George Dabney

Buyer

$19.2M

vol

4 deals

Buyer

Holbrook MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93