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:
- Property Type: Multifamily
- Transaction Amount: $2,352,000
- Buyer: Thomas Gaylord
- Seller: Kenton Chase
- Seller's Representative: Jason Kulik, Dennis Kelleher & John Pentore - Horvath & Tremblay
- Units: 10
- Square Footage: 8,197
- Price Per Unit: $235,200
- Price Per Square Foot: $286
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
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