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40 Duncan Drive

Farm Property In North Andover, MA Sells For $1.325M With Buyer's Rep Valerie Previte And Seller's Rep Gerri Bernstein
SOLDFarm

Farm Property In North Andover, MA Sells For $1.325M With Buyer's Rep Valerie Previte And Seller's Rep Gerri Bernstein

40 Duncan Drive

$1,325,000

$488/SF

Building Size

2,710 SF

Asset Type

Farm

Closing

Nov 30, 2023

AI

A farm property at 40 Duncan Drive in North Andover, MA, has changed hands for $1.325 million. The property spans 2,710 square feet and has a price per square foot of $489.

Summary of transaction details

  • Property Type: Farm
  • Transaction Amount: $1,325,000
  • Address: 40 Duncan Drive, North Andover, MA
  • Market: North Andover, MA

The buyer's representative, Valerie Previte of William Raveis Real Estate - Andover, facilitated the purchase of the property from the seller's representative, Gerri Bernstein of Equine Homes Real Estate.

NOTE: Valerie Previte of William Raveis Real Estate - Andover represented the buyer in the transaction, while Gerri Bernstein of Equine Homes Real Estate represented the seller.

Players

Gerri Bernstein

Equine Homes Real Estate

Broker

$1.3M

vol

1 deal

Broker

North Andover Farm Market Snapshot

Boundary boundary · Farm · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.97%

Cash-on-Cash

-3.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93