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40 Summer Street

Thomas Gaylord Purchases Multifamily Asset At 40 Summer Street Bridgewater MA For $2.35M
SOLDMultiFamily

Thomas Gaylord Purchases Multifamily Asset At 40 Summer Street Bridgewater MA For $2.35M

40 Summer Street

$2,352,000

$286/SF

Building Size

8,197 SF

Asset Type

MultiFamily

Closing

Apr 7, 2025

AI

The property asset involved in this transaction is a multifamily building located at 40 Summer Street in Bridgewater, MA. The sale price for this asset was $2,352,000, which equates to a price per unit of $235,200. The total square footage of the property is 8,197, resulting in a price per square foot of $286.

Summary of transaction details:

The transaction involved key individuals including the buyer Thomas Gaylord and the seller Kenton Chase. The seller was represented by the brokerage team of Jason Kulik, Dennis Kelleher, and John Pentore from Horvath & Tremblay, who played a crucial role in facilitating the deal.

Players

Dennis Kelleher

Horvath & Tremblay

Broker

$558.5M

vol

95 deals

Broker

Bridgewater 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

6.74%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93