Updated Dec 21, 2023
CBRE Brokers Simon Butler, Biria St. John & John McLaughlin Facilitate $59.2M Sale Of Marlborough Multifamily Property On Farmhouse Ln
3 Farmhouse Ln, Marlborough, Massachusetts 01752, United States
$59,200,000
Units
156
Asset Type
MultiFamily
Closing
Jul 28, 2022
About this deal
AI
The multifamily property located at 3 Farmhouse Ln in Marlborough, MA has recently been sold for a total price of $59,200,000. This transaction took place on 07/29/2022. The property consists of 156 units, with an average price per unit of $379,487.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $59,200,000
- Address: 3 Farmhouse Ln, Marlborough, MA
- Market: Marlborough, MA
- Brokers: Simon Butler, Biria St. John & John McLaughlin - CBRE
The sale of this multifamily property was facilitated by CBRE brokers Simon Butler, Biria St. John, and John McLaughlin. These professionals played a crucial role in negotiating and finalizing the transaction.
Players
Marlborough 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93