Updated Aug 26, 2026
SOLDLand
Garvey QOZB LLC Purchases Land At 35 Garvey In Everett For $25 Million Through Herb Entwistle
35 Garvey
$25,000,000
Lot Size
174,240 SF
Asset Type
Land
Closing
Feb 28, 2022
About this deal
AI
The asset involved in this transaction is land located at 35 Garvey in Everett. The sale occurred for a price of $25,000,000.00.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $25,000,000.00
- Address: 35 Garvey
- Market: Everett
- Buyer: Garvey QOZB LLC
- Seller: 35 Garvey ST LLC
- Brokers: Herb Entwistle, Douglas Elliman
Garvey QOZB LLC acted as the buyer in this transaction, while 35 Garvey ST LLC was the seller. Herb Entwistle from Douglas Elliman represented the seller during the deal.
Players
Everett Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93