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
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