Updated Dec 4, 2024
New Dover Associates, Inc Facilitates Sale Of Package Deal In Framingham, MA For $3.5M
64 Waverly Street, 72 Waverly Street, 74 Waverly Street, 82 Morton Street & 84 Morton Street
$3,500,000
Building Size
—
Asset Type
Package Deal
Closing
Jun 7, 2024
About this deal
AI
The package deal in Framingham, MA included the properties located at 64 Waverly Street, 72 & 74 Waverly Street, and 82 & 84 Morton Street. The transaction was facilitated by Scott Hughes of New Dover Associates, Inc., with a sale price of $3.5 million.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $3,500,000
- Address: 64 Waverly Street, 72 & 74 Waverly Street, 82 & 84 Morton Street
- Market: Framingham, MA
Scott Hughes, president of New Dover Associates, Inc., served as the broker representing the sellers, Exhibit C Waverly Realty, LLC and Exhibit B Realty, LLC, in the sale of the aforementioned properties. The buyers were 64 Waverley Street LLC.
Framingham Package Deal Market Snapshot
Boundary boundary · Package Deal · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93