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
Manchester 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
0.64%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93