facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

80 Gardner St Boston, MA 02...

Alpha Management Corp Acquires Two Multifamily Properties In Boston And Newton For $24.7M
SOLDMultiFamily

Alpha Management Corp Acquires Two Multifamily Properties In Boston And Newton For $24.7M

80 Gardner St Boston, MA 02134, USA

$24,700,000

Building Size

Asset Type

MultiFamily

Closing

Aug 15, 2023

AI

Anwar Faisal, a prominent real estate developer, has successfully completed a multi-million dollar property transaction. This deal involved the acquisition of two multifamily properties, situated in Allston and Newton, Massachusetts. The properties, located at 80 Gardner St and 175 Adams St, have a combined market value of $24.7 million.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $24,700,000
  • Address: 80 Gardner St & 175 Adams St
  • Market: Allston & Newton, MA

The buyer in this transaction is Anwar Faisal, who represents Alpha Management Corp. Alpha Management Corp. is a well-known organization in the real estate industry, making strategic investments and developing various properties. This acquisition demonstrates their continued commitment to expanding their multifamily portfolio.

Players

AC
Alpha Management Corp.Buyer

Manchester 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

0.64%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93