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37 School Street

Freedom Management Acquires Multifamily Asset In Southbridge MA For $2.25M With Broker Benjamin Carbone
SOLDMultiFamily

Freedom Management Acquires Multifamily Asset In Southbridge MA For $2.25M With Broker Benjamin Carbone

37 School Street

$2,250,000

$150/SF

Building Size

15,000 SF

Asset Type

MultiFamily

Closing

Nov 30, 2025

AI

This multifamily property consists of four addresses: 37 School Street, 134 Elm Street, 138 Elm Street, and 263 Charlton St, located in Southbridge, MA. The sale price for the asset was $2,250,000, featuring a total of 16 units. The property spans 21,750 square feet, translating to a price per unit of $140,625 and a price per square foot of $103.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,250,000
  • Buyer: Freedom Management
  • Buyer's Representative: Zachary Gray
  • Seller: ABS LLC
  • Seller's Representative: Mary Ardan
  • Broker: Benjamin Carbone
  • Broker Agency: Lamacchia Realty
  • Units: 16
  • Total Square Feet: 21,750
  • Price Per Unit: $140,625
  • Price Per Square Foot: $103

The transaction involved key individuals, with Zachary Gray representing Freedom Management as the buyer and Mary Ardan representing ABS LLC as the seller. Benjamin Carbone from Lamacchia Realty acted as the broker facilitating the sale.

Players

Benjamin Carbone

Lamacchia Realty

Broker

$5.8M

vol

3 deals

Broker
Lamacchia Realty
Lamacchia RealtyBrokerage

Southbridge 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

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93