Rich Cawley, United Multi Family

Jason Braun, United Multi Family

Pembroke, MA United Multi Family (UMF) brokered the sale of a 38 unit apartment building at 180 Schoosett St. for $4.5 million ($118,421 per unit). Richard Cawley and Jason Braun of UMF handled the sale.

180 Schoosett Street - Pembroke, MA

The vinyl sided residences were built in 1995 and consisted of 4 two-story buildings with 4 three-bedroom/two bath, 17 two-bedrooms/two bath and 17 two-bedroom/one bath along with an on-site management office and coin-op laundry. The property was built under the regulations of Chapter 40B with 25% of the units being rented to tenants qualifying for affordable housing. The CAP rate at the time of sale was 8.3% with the property having a gross annual income of $583,800.