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77-79 Sterling Place, West ...

Inbrook Capital Acquires Multifamily Property In West Boylston, MA For $1.55M
SOLDMultiFamily

Inbrook Capital Acquires Multifamily Property In West Boylston, MA For $1.55M

77-79 Sterling Place, West Boylston, Massachusetts 01583, United States

$1,550,000

$167/SF

Building Size

9,251 SF

Asset Type

MultiFamily

Closing

Apr 14, 2022

AI

Located in West Boylston, MA, the multifamily property at 77-79 Sterling Place has been sold in a recent transaction. The sale was facilitated by David Eldredge from NAI, representing the buyer, Inbrook Capital, and the seller, WB Sterling, LLC. The property spans across 9,251 square feet and was sold for a price of $1,550,000, resulting in a price per square foot of $168.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,550,000
  • Address: 77-79 Sterling Place
  • Market: West Boylston, MA

This transaction showcases the collaboration between the buyer, Inbrook Capital, and the seller, WB Sterling, LLC. With David Eldredge from NAI serving as the broker, both parties successfully completed the sale of this multifamily property in West Boylston, MA.

Players

David Eldredge

NAI Global

Broker

$12.8M

vol

4 deals

Broker

West Boylston 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

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93