Updated Dec 19, 2024
Thomas E. Faust Jr. Of Eaton Vance Acquires Multifamily Property In Medway From Douglas C. Yearley Jr. For $75.6M
39 Main Street
$75,600,000
Units
190
Asset Type
MultiFamily
Closing
Dec 19, 2024
About this deal
AI
The Hathon luxury multifamily community is located at 39 Main Street in Medway, MA, featuring 190 units with a sale price of $75,600,000. The property spans 12 acres and includes amenities such as a pool, playground, and fitness center. The price per unit is $397,895.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $75,600,000
- Units: 190
- Buyer: Thomas E. Faust Jr. - Eaton Vance
- Seller: Douglas C. Yearley Jr. - Toll Brothers
This transaction involved Thomas E. Faust Jr. representing Eaton Vance and Douglas C. Yearley Jr. representing Toll Brothers, illustrating the roles key individuals played in facilitating the sale of the multifamily community.
Players
Medway MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Medway multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93