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28 Chestnut Street

Gregory Tanner Of GCT Commercial Realty Purchases Foxborough Multifamily From Chestnut Green Apartments For $14.1M
SOLDMultiFamily

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

Jason Weissman

Boston Realty Advisors

Broker

$340.2M

vol

16 deals

Broker

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