Linfield of United Multi Family completes 13-unit sale for $510,000

December 07, 2007 - Front Section
United Multi Family brokered the sale of a 13 unit apartment building at 14-20 Otis Ave., for $510,000 ($39,230 per unit). Handled by James Linfield of the New England UMF office, the brick residences were built in 1850 and sold by 14-20 Otis Ave. Realty Trust to Gene Kofman & Sol Farber with market rate financing provided by Imperial Savings. The CAP rate at the time of sale was 12.77%.

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