Horvath & Tremblay Brokers Facilitate $8.6M Sale Of Multifamily Property In Framingham, MA
77-79 Arlington Street, Framingham, Massachusetts, USA
$8,600,000
$190/SF
Building Size
45,072 SF
Asset Type
MultiFamily
Closing
Sep 3, 2020
AI
An investment property in Framingham, MA has been recently sold. The property, located at 77-79 & 93 Arlington Street, is a multifamily asset consisting of 56 units. The transaction took place on September 4, 2020, with a sale price of $8,600,000 and a cap rate of 5.6%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,600,000
- Units: 56
- Cap Rate: 5.6%
- Market: Framingham, MA
The deal was facilitated by brokers Dennis Kelleher, John Pentore, and Ryan Benton, representing Horvath & Tremblay. They played a crucial role in the successful completion of the transaction.
Players
Framingham MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93