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77-79 Arlington Street, Fra...

Horvath & Tremblay Brokers Facilitate $8.6M Sale Of Multifamily Property In Framingham, MA
SOLDMultiFamily

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

Dennis Kelleher

Horvath & Tremblay

Broker

$561.5M

vol

96 deals

Broker

Framingham 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

1.84%

Cash-on-Cash

-0.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93