Richardson Green, Inc Acquires Mixed Use Property In Haverhill, MA For $3.4M
242 Neck Road, Haverhill, Massachusetts 01835, United States
$3,400,000
$150/SF
Building Size
22,541 SF
Asset Type
Mixed-use
Closing
Sep 28, 2022
AI
Located at 242 Neck Road in Haverhill, MA, a mixed-use property has been sold for $3,400,000. The property spans 22,541 square feet, resulting in a price per square foot of $151. The transaction took place on September 29, 2022. Jim Bartholomew of R.W. Holmes represented the buyer, Richardson Green, Inc.
Summary of transation details
- Property Type: Mixed Use
- Transaction Amount: $3,400,000
- Address: 242 Neck Road, Haverhill, MA
- Market: Haverhill, MA
- Square Footage: 22,541
- Price Per Square Foot: $151
The buyer of the property, Richardson Green, Inc, was represented by Jim Bartholomew from R.W. Holmes. Together, they completed the successful sale of this mixed-use asset in Haverhill, MA.
Haverhill 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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93