Thomas Boyle Of Chozick Realty Sells 66-Unit Multifamily Beechtree Commons In Great Barrington For $7.95M
24 Silver Street
$7,950,000
Building Size
—
Asset Type
MultiFamily
Closing
Jan 31, 2025
AI
The asset involved in the transaction is the 66-unit Beechtree Commons Apartments, located at 24 Silver Street in Great Barrington, MA. The property was sold for $7,950,000, equating to approximately $120,455 per unit.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,950,000
- Units: 66
- Price Per Unit: $120,455
- Broker: Thomas Boyle - Chozick Realty
- Date of Sale: 01/31/2025
Tom Boyle of Chozick Realty marketed and sold the property, facilitating the transaction throughout the process in the Berkshires market.
Players
Great Barrington 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
2.00%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93