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.
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