Updated Dec 19, 2023
Horvath & Tremblay Sell Lawrence Mixed-Use Asset For $5.7M
11 Lawrence St, Lawrence, Massachusetts 01840, United States
$5,700,000
Units
38
Asset Type
Mixed-use
Closing
Nov 3, 2022
About this deal
AI
A mixed-use property located at 11-21 Lawrence Street in Lawrence, MA has been sold for a total of $5,700,000. The property consists of 38 units, with each unit priced at $150,000.
Summary of transaction details:
- Property Type: Mixed-Use
- Transaction Amount: $5,700,000
- Units: 38
- Price per Unit: $150,000
The brokers involved in the sale were Spencer Norton, Dennis Kelleher, and John Pentore from Horvath & Tremblay.
This transaction took place on 11/04/2022 in Lawrence, MA. The property at 11-21 Lawrence Street was successfully sold with the assistance of Spencer Norton, Dennis Kelleher, and John Pentore from Horvath & Tremblay.
Players
Lawrence 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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93