The Broadway Company Acquires 102-Unit Multifamily Property In Marlborough, MA For $17.1M
SOLD
$17,152,000
Massachusetts
See Similar DealsMultiFamily
Sold 06/28/2022
SOLD
The Broadway Company Acquires 102-Unit Multifamily Property In Marlborough, MA For $17.1M
181 Boston Post Road West, Marlborough, Massachusetts 01752, United States
See Similar DealsMultiFamily
Sold 06/28/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 181 Boston Post Rd W in Marlborough, MA has been sold for a total price of $17,152,000. The sale took place on June 28, 2022. The property sits on a spacious 12.8-acre lot.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,152,000
- Date: 06/28/2022
- Address: 181 Boston Post Rd W, Marlborough, MA
- Market: Marlborough, MA
- Asset Type: Multifamily
- Acres: 12.8
The buyer of the property is The Broadway Company, represented by Tana E. Weissman.
The multifamily property consists of 102 units, and the price per unit is $168,157.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$914,773.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$60,937.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$81,309.23
Annual Debt Service$975,710.77
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