Tony Cruz Purchases Multifamily Property From Anna Chu For $1.65M In Northbridge, MA
34 Overlook Street
$1,650,000
$217/SF
Building Size
7,581 SF
Asset Type
MultiFamily
Closing
Apr 28, 2025
AI
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.
Players
Whitinsville 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93