News: Front Section
Posted: January 30, 2014
Cawley and Braun of United Multi Family brokers $975,000 sale of an 8-unit building
United Multi Family brokered the sale of a 8-unit apartment building at 20 Copeland St. for $975,000 ($121,875 per unit). Richard Cawley and Jason Braun of the New England office of UMF handled the sale. The wood frame with vinyl siding residences were built in 1970 and sold by Brunelli Residential LLC to Bayridge Realty, LLC. Financing was provided by Bristol County Savings Bank. The property is comprised of 8 two-bedroom units built in 1970 each having their own garage parking space below. Situated on a 117,612 s/f site there is off street parking and two coin-op laundry rooms bringing in additional income. The CAP rate at the time of sale was 7.02% with the property having a gross annual income of $94,620.
Tags:
Front Section
MORE FROM Front Section
ODM
McEvoy of The Conrad Group brokers $2.9 million sale of industrial building
Hingham, MA The Conrad Group has brokered the sale of 55 Research Rd., South Shore Park. The property consists of a 20,340 s/f single story manufacturing building on two acres of land.
Columns and Thought Leadership
5 Questions to ask when choosing a real estate broker - by Elizabeth Perez Barlett
>They say, “April showers bring May flowers,” but this season may bring more movement in the housing market as springtime is one of the most popular times for home buying and selling. Although spring is one of the strongest seasons for the residential market, it may not be all rosebuds and butterflies if you don’t have the right advisors.
The doctor is in: How medical leases differ from retail and office spaces - by Brian Cafferty
As healthcare facilities, often referred to as “Doc in a Box” clinics, increasingly move into traditional retail spaces, landlords are more frequently leasing to medical tenants. Unlike standard retail or office leases, medical facilities come with a unique set of considerations that must be carefully addressed to ensure a successful tenancy.
Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.
Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
It’s time to get creative with closed college campuses - by Christian Koulichkov
Facing higher costs, shrinking enrollments, reduced state funding and severe demographic headwinds, many colleges and universities in New England and the Northeast are fighting for survival. The latest to lose the battle is the 150 + year old University of the Arts in