Updated Sep 22, 2025
Jonathan J. Boyajian Of Echo Real Estate Capital Sells Medical Office In Haverhill For $9.6M
62 Brown Street
$9,600,000
$162/SF
Building Size
59,000 SF
Asset Type
Medical Office
Closing
Sep 19, 2025
About this deal
AI
The medical office building located at 62 Brown Street in Haverhill, MA, encompasses a total area of 59,000 square feet and was sold for approximately $9.6 million. The property is currently 90% leased to tenants including Revere Medical and Northeast Rehab, and is situated on the Lawrence General Holy Family Hospital campus.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $9,600,000
- Square Footage: 59,000
- Price Per Square Foot: $163
- Seller: Jonathan J. Boyajian - Echo Real Estate Capital
- Market: Haverhill, MA
Jonathan J. Boyajian from Echo Real Estate Capital represented the seller in this transaction, facilitating the sale of the property on September 19, 2025.
On the Map
$9,600,000
$162/SF
Medical Office
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Haverhill Medical Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93