NorthEast Private Client Group Facilitates Sale Of Water Street Apartments In Lawrence, MA For $3.8M
102-114 Water Street
$3,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 6, 2024
AI
The Water Street Apartments, a 27-unit multifamily property located at 102-114 Water Street in Lawrence, MA, was sold for $3.8 million. The transaction was facilitated by Drew Kirkland, Francis Saenz, and Jim Casey from NorthEast Private Client Group, with a price per unit of $140,741.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Units: 27
- Price Per Unit: $140,741
- Market: Lawrence, MA
- Brokers: Drew Kirkland, Francis Saenz & Jim Casey - NorthEast Private Client Group
The Northeast Private Client Group successfully concluded the sale of the Water Street Apartments, showcasing their expertise in brokering multifamily properties in Lawrence, MA.
Players
Lawrence MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93