Updated Nov 27, 2024
DSF Group Acquires 256-Unit Multifamily Property In Burlington, MA From Blackstone Group For $90.5M
8 Kimball Court, Burlington, MA, USA
$90,500,000
$56,739/SF
Building Size
1,595 SF
Asset Type
MultiFamily
Closing
Dec 7, 2020
About this deal
AI
The multifamily property located at 8 Kimball Court in Burlington, MA has been sold for a total price of $90,500,000. The property consists of 256 units, resulting in a price per unit of $353,516.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $90,500,000
- Units: 256
- Price Per Unit: $353,516
The seller of the property was Blackstone Group, while the buyer was DSF Group.
Kathleen McCarthy, Jonathan Gray, and Ken Caplan are featured in the accompanying image, although their roles in the transaction are not specified.
On the Map
$90,500,000
$56,739/SF
MultiFamily
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Players
Burlington 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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93