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195 E Main St, Marlborough,...

So-AM Realty Trust Acquires Property At 195 E Main St Marlborough For $2.35M With Rep John Slyman
SOLDMultiFamily

So-AM Realty Trust Acquires Property At 195 E Main St Marlborough For $2.35M With Rep John Slyman

195 E Main St, Marlborough, MA, 01752

$2,350,000

Building Size

Asset Type

MultiFamily

Closing

Nov 20, 2023

AI

The property involved in this transaction is a brick apartment building located at 195 E Main St, Marlborough, MA, 01752. It was sold for $2,350,000.00. The building has a total of 27 units, including 15 one-bedroom apartments and 12 studio apartments. The property was constructed in 1967.

Summary of transaction details:

  • Property Type: Apartment Building
  • Transaction Amount: $2,350,000.00
  • Address: 195 E Main St, Marlborough, MA, 01752
  • Market: Marlborough
  • Buyer: So-AM Realty Trust
  • Seller: Universal Real Estate Investments, LLC
  • Seller's Representative: John Slyman - New England Apartment Group

John Slyman from New England Apartment Group represented the seller in this transaction. This sale is part of a 1031 exchange, showcasing the involvement of the buyer in strategic real estate investment opportunities. New England Apartment Group’s focus is on selling apartment buildings in the private client space throughout New England.

Players

John Slyman

New England Apartment Group

Broker

$16M

vol

3 deals

Broker

Marlborough 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

6.75%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93