Updated Oct 29, 2024
Wood Partners Acquires Multifamily Property In Marlborough, MA For $3M
283 Lincoln Street
$3,000,000
Units
276
Asset Type
MultiFamily
Closing
Jun 27, 2023
About this deal
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
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