Updated Dec 4, 2024
Borawski Real Estate Acquires Amherst Multifamily For $1.5M
35 High Street
$1,500,000
$337/SF
Building Size
4,448 SF
Asset Type
MultiFamily
Closing
Dec 28, 2023
About this deal
AI
In a recent multifamily property transaction, Borawski Real Estate, represented by buyer's agent Kathy Borawski, acquired the asset located at 35 High Street in Amherst, MA. The property was sold by Ann Sutliff of William Raveis Real Estate. The sale price for the property was $1.5 million. The property spans 4,448 square feet, resulting in a price per square foot of $337.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 35 High Street, Amherst, MA
- Market: Amherst, MA
- Buyer's Representative: Kathy Borawski - Borawski Real Estate
- Seller's Representative: Ann Sutliff - William Raveis Real Estate
In this transaction, Borawski Real Estate, represented by buyer's agent Kathy Borawski, acquired the multifamily property located at 35 High Street. Ann Sutliff of William Raveis Real Estate acted as the seller's representative. The property was sold for $1.5 million and spans a total area of 4,448 square feet, resulting in a price per square foot of $337.
Players
Amherst 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93