Fayez Najm Purchases Multifamily Property From Peter Mathis In Walpole For $1.85M
284-300 Main Street
$1,850,000
$328/SF
Building Size
5,632 SF
Asset Type
MultiFamily
Closing
Aug 8, 2024
AI
A multifamily property located at 284-300 Main Street in Walpole, MA, was sold for $1,850,000. The asset comprises 7 units and encompasses a total square footage of 5,632. The price per unit stands at $264,285, while the price per square foot is recorded at $328. The building also features 20 parking spaces.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Address: 284-300 Main Street
- Market: Walpole, MA
- Units: 7
- Square Footage: 5,632
- Price Per Unit: $264,285
- Price Per Square Foot: $328
- Buyer: Fayez Najm
- Seller: Peter Mathis
- Broker: Spencer Smith - Horvath & Tremblay
Spencer Smith represented both parties in the transaction, indicating his role as the broker facilitating the deal. The property was sold by Peter Mathis, with Fayez Najm as the buyer. The representation by Spencer Smith showcases the involvement of Horvath & Tremblay in this multifamily real estate transaction.
Walpole 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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93