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283 Lincoln Street

Wood Partners Acquires Multifamily Property In Marlborough, MA For $3M
SOLDMultiFamily

Wood Partners Acquires Multifamily Property In Marlborough, MA For $3M

283 Lincoln Street

$3,000,000

Building Size

Asset Type

MultiFamily

Closing

Jun 27, 2023

AI

A multifamily property located at 283 Lincoln Street in Marlborough, MA has been sold for a total price of $3,000,000. This property consists of 276 units, with an average price per unit of $10,870.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Address: 283 Lincoln Street
  • Market: Marlborough, MA

Wood Partners, represented by Jim Lambert, was the buyer in this transaction. Fieldstone Commercial Properties, Inc., represented by Nate Nickerson, and O'Brien Commercial Properties, represented by Eric O’Brien, were the buyer's representatives.

Players

Nate Nickerson

Fieldstone Commercial Properties

Broker

$27.9M

vol

13 deals

Broker
Wood Partners
Wood PartnersBuyer

Boston 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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93