4M6 Resnik LLC Acquires Mixed-Use Property In Norwell, MA For $4.85M
106 Longwater Drive, Norwell, Massachusetts 02061, United States
$4,850,000
$194/SF
Building Size
25,000 SF
Asset Type
Mixed-use
Closing
Aug 18, 2022
AI
Located at 106 Longwater Dr in Norwell, MA, this property is a mixed-use asset that was recently sold. The transaction took place on August 19, 2022.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,850,000
- Square Footage: 25,000
- Price Per Square Foot: $194
- Address: 106 Longwater Dr, Norwell, MA
- Market: Norwell, MA
The buyer of this property is 4M6 Resnik LLC, while the seller is Longwater Realty LLC. The deal was facilitated by Jim McEvoy & Robert Conrad from The Conrad Group, who represented the parties involved.
This transaction highlights the successful collaboration between the buyer and seller, as well as the expertise of Jim McEvoy & Robert Conrad from The Conrad Group in facilitating the deal. It demonstrates the strong demand for mixed-use properties in Norwell, MA, and the favorable market conditions.
Players
Norwell Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.27%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93