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News:
Owners Developers & Managers
Posted: June 13, 2013
Cawley and Braun of United Multi Family broker $2.4 million sale
United Multi Family brokered the sale of a 12 unit apartment building at 10 Allston St. for $2.4 million ($200,000 per unit).
Handled by Richard Cawley and Jason Braun of the New England office, the brick residences were built in 1940 and consisted of 6 two-bedroom, four 1.5-bedroom and 2 one-bedroom apartments.
The property was sold by Commonwealth Trust II to Greenline LJS LLC with financing provided by Eastern Bank. The CAP rate at the time of sale was 3.86% with the property having a gross annual income of $181,500.
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