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Thomas Boyle Of Chozick Realty Sells 66-Unit Multifamily Beechtree Commons In Great Barrington For $7.95M
SOLD
$7,950,000
Massachusetts
See Similar DealsMultiFamily
Sold 01/31/2025
SOLD
Thomas Boyle Of Chozick Realty Sells 66-Unit Multifamily Beechtree Commons In Great Barrington For $7.95M
24 Silver Street
See Similar DealsMultiFamily
Sold 01/31/2025
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$424,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,244.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,687.06
Annual Debt Service$452,244.67
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