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98 100 River Street

Frank Lonano Purchases Mixed-Use Property At 98-100 River Street Haverhill For $1.425M
SOLDMixed-use

Frank Lonano Purchases Mixed-Use Property At 98-100 River Street Haverhill For $1.425M

98 100 River Street

$1,425,000

$209/SF

Building Size

6,804 SF

Asset Type

Mixed-use

Closing

Apr 14, 2025

AI

The mixed-use property located at 98-100 River Street in Haverhill, MA, was sold for $1,425,000. The asset encompasses 6,804 square feet and comprises 7 units, which were sold at a price per unit of $203,571 and a price per square foot of $209.

Summary of transaction details:

Frank Lonano acquired the property from Mei Zhang, with the transaction facilitated by brokers Spencer Norton and Stephen Girolamo, representing Horvath & Tremblay in this deal.

Players

Spencer Norton

Horvath & Tremblay

Broker

$84.2M

vol

22 deals

Broker

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

11.13%

Cash-on-Cash

-3.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93