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Thomas Boyle Of Chozick Realty Sells 66-Unit Multifamily Beechtree Commons In Great Barrington For $7.95M

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SOLD
$7,950,000

Massachusetts

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MultiFamily
Sold 01/31/2025
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Property Image
SOLD

Thomas Boyle Of Chozick Realty Sells 66-Unit Multifamily Beechtree Commons In Great Barrington For $7.95M

24 Silver Street

See Similar Deals
MultiFamily
Sold 01/31/2025
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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:

Tom Boyle of Chozick Realty marketed and sold the property, facilitating the transaction throughout the process in the Berkshires market.

Players

Thomas (Tom) Boyle
4 deals$31.9M volume(860) 649-4800
BROKER

Details

SOLD
IMAGE: Thomas Boyle DATE: 01/31/2025 ADDRESS: 24 Silver Street MARKET: Great Barrington, MA ASSET TYPE: Multifamily BROKER: Thomas Boyle - Chozick Realty SALE PRICE: $7,950,000 UNITS: 66 ~ PPU: $120,455 NOTE: Tom Boyle of Chozick Realty marketed and sold the 66-unit Beechtree Commons Apartments in the Berkshires for $7.95M, or $120,454 per unit.

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Deal Type
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