Tony Cruz Purchases Multifamily Property From Anna Chu For $1.65M In Northbridge, MA
SOLD
$1,650,000
Massachusetts
See Similar DealsMultiFamily7,581 SF
Sold 04/29/2025
SOLD
Tony Cruz Purchases Multifamily Property From Anna Chu For $1.65M In Northbridge, MA
34 Overlook Street
See Similar DealsMultiFamily7,581 SF
Sold 04/29/2025
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$217
Total Square Footage:7,581 SF
Transaction Type:Sale
The multifamily asset located at 34 Overlook Street in Northbridge, MA, has been sold for $1,650,000. The property consists of 6 units and spans a total of 7,581 square feet, which translates to a price per unit of $275,000 and a price per square foot of $217.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Units: 6
- Square Footage: 7,581
- Price Per Unit: $275,000
- Price Per Square Foot: $217
- Buyer: Tony Cruz
- Seller: Anna Chu
- Seller's Representative: Ethan Lazar - Horvath & Tremblay
The transaction involved key individuals, including buyer Tony Cruz and seller Anna Chu, with Ethan Lazar representing the seller through Horvath & Tremblay. This deal reflects a significant engagement in the multifamily market within the Northbridge area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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