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50 East Main Street

Updated Dec 4, 2024

17-Unit Multifamily In Orange, MA Sells For $1.5M With Lynn Brooks As The Broker
SOLDMultiFamily

17-Unit Multifamily In Orange, MA Sells For $1.5M With Lynn Brooks As The Broker

50 East Main Street

$1,500,000

$151/SF

Building Size

9,896 SF

Asset Type

MultiFamily

Closing

May 16, 2024

About this deal

AI

A 17-unit property at 50 East Main Street in Orange, MA, sold for $1.5 million. The multifamily property features a mix of 2-bedroom, 1-bedroom, and studio units with rents ranging from $551 to $1000. The property spans 9,896 square feet, translating to a price per square foot of $152.

Summary of transaction details:

Lynn Brooks of Godin Real Estate was the broker involved in the transaction representing the parties. The deal showcases the successful sale of the multifamily property, demonstrating the expertise and professionalism of the parties involved in the real estate transaction.

Players

Lynn Brooks

Godin Real Estate

Broker

$1.5M

vol

1 deal

Broker

Orange MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $151 per square foot on a published $1.5M for 9,896 square feet (2024).

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Browse Orange multifamily sales on Traded.

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

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