Copa Real Estate Investments Acquires Multifamily Asset In Hanover From Jones Street Investment Partners For $25.95M
295 Webster Street
$25,950,000
$288/SF
Building Size
90,000 SF
Asset Type
MultiFamily
Closing
Nov 7, 2024
AI
This multifamily property located at 295 Webster Street in Hanover, MA, was sold for $25,950,000. The asset comprises 76 units and offers a total of 90,000 square feet. The price per unit is $341,447, and the price per square foot is $288.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $25,950,000
- Units: 76
- Square Footage: 90,000
- Price Per Unit: $341,447
- Price Per Square Foot: $288
- Buyer: Copa Real Estate Investments
- Seller: Jones Street Investment Partners
- Seller's Representative: Kevin Gleason - Walker & Dunlop
- Date of Transaction: 11/07/2024
- Market: Hanover, MA
In this transaction, Copa Real Estate Investments acted as the buyer, acquiring the multifamily property from Jones Street Investment Partners, with Kevin Gleason from Walker & Dunlop representing the seller in the deal.
Players
Hanover 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93