MDC Properties Sells School Property In Hingham, MA For $4.1M
73 Abington St, Hingham, Massachusetts, USA
$4,125,000
$412/SF
Building Size
10,000 SF
Asset Type
Other
Closing
Nov 26, 2021
AI
A school property located at 73 Abington St in Hingham, MA was recently sold for a price of $4,125,000. The property spans across 5.5 acres and offers approximately 10,000 square feet of space. The sale took place on November 26, 2021.
Summary of transaction details:
- Property Type: School
- Sale Price: $4,125,000
- Address: 73 Abington St, Hingham, MA
- Market: Hingham, MA
- Acreage: 5.5 acres
The sale was handled by MDC Properties, with Robert Conrad & Jim McEvoy from The Conrad Group serving as the brokers for the transaction.
Jim McEvoy and Robert Conrad represented the buyer and seller, respectively, in the deal. This transaction marks a significant milestone for all parties involved.
Players
Hingham Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93