Gregory Tanner Of GCT Commercial Realty Purchases Foxborough Multifamily From Chestnut Green Apartments For $14.1M
28 Chestnut Street
$14,100,000
$156/SF
Building Size
90,000 SF
Asset Type
MultiFamily
Closing
Feb 7, 2025
AI
The property asset involved in this transaction is a multifamily building located at 28 Chestnut Street in Foxborough, MA. The sale price of the asset was $14,100,000, comprising a total of 55 units. The multifamily asset spans 90,000 square feet, resulting in a price per unit of $256,363 and a price per square foot of $156.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $14,100,000
- Units: 55
- Square Footage: 90,000
- Price per Unit: $256,363
- Price per Square Foot: $156
- Buyer: Gregory Tanner - GCT Commercial Realty
- Seller: Chestnut Green Apartments
- Brokers: Kevin Benzinger, Jason Weissman & Nicholas Herz - Boston Realty Advisors
- Transaction Date: 02/07/2025
The key individuals involved in this transaction include Gregory Tanner, representing GCT Commercial Realty as the buyer. The seller, Chestnut Green Apartments, was represented in the deal by the brokerage team of Kevin Benzinger, Jason Weissman, and Nicholas Herz from Boston Realty Advisors.
Players
Foxboro 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93