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102-114 Water Street

NorthEast Private Client Group Facilitates Sale Of Water Street Apartments In Lawrence, MA For $3.8M
SOLDMultiFamily

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

Drew Kirkland

NorthEast Private Client Group

Broker

$94.8M

vol

18 deals

Broker

Lawrence MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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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