Updated Sep 9, 2024
Herrick Lutts Realty Partners Facilitates $1M Sale Of Multifamily Property In Peabody, MA
101 Lowell Street
$1,000,000
$251/SF
Building Size
3,970 SF
Asset Type
MultiFamily
Closing
Sep 14, 2022
About this deal
AI
A multifamily property located at 101 Lowell St in Peabody, MA has recently been sold. The transaction was facilitated by Nicholas Zolotas from Herrick Lutts Realty Partners.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,000,000
- Number of Units: 5
- Price Per Unit: $200,000
- Square Footage: 3,970
- Price Per Square Foot: $252
Nicholas Zolotas from Herrick Lutts Realty Partners played a crucial role as the broker in this transaction. His expertise and negotiation skills helped ensure a successful deal for all parties involved.
Springfield MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Nicholas (Nick) Zolotas to view all their deals.
Browse Springfield multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93