Northeast Private Client Group Facilitates $7.3M Sale Of 39-Unit Multifamily In Reading, MA

The multifamily property located at 625 Main Street in Reading, MA was recently sold for a price of $7,325,000. The transaction took place on 12/02/2020 and was facilitated by brokers Francis Saenz and Drew Kirkland of Northeast Private Client Group. The property consists of 39 units, with a per unit price of $187,820. The cap rate for this investment is 6.1%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $7,325,000
• Units: 39
• Price Per Unit: $187,820
• Cap Rate: 6.1%

Francis Saenz and Drew Kirkland, representing Northeast Private Client Group, played a key role in facilitating this sale. Their expertise and negotiation skills were instrumental in closing the deal successfully.