facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

284-300 Main Street

Fayez Najm Purchases Multifamily Property From Peter Mathis In Walpole For $1.85M
SOLDMultiFamily

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.

Players

Spencer Smith

Horvath & Tremblay

Broker

$44.2M

vol

19 deals

Broker

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