DSF Group Acquires 256-Unit Multifamily Property In Burlington, MA From Blackstone Group For $90.5M
SOLD
$90,500,000
Massachusetts
See Similar DealsMultiFamily1,595 SF
Sold 12/08/2020
SOLD
DSF Group Acquires 256-Unit Multifamily Property In Burlington, MA From Blackstone Group For $90.5M
8 Kimball Court, Burlington, MA, USA
See Similar DealsMultiFamily1,595 SF
Sold 12/08/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$56,739
Total Square Footage:1,595 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,826,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$321,527.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$429,016.17
Annual Debt Service$5,148,194.05
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