Daily limit: 0/10
NorthEast Private Client Group Facilitates Sale Of Water Street Apartments In Lawrence, MA For $3.8M
SOLD
Massachusetts
See Similar DealsMultiFamily
Sold 03/06/2024
SOLD
NorthEast Private Client Group Facilitates Sale Of Water Street Apartments In Lawrence, MA For $3.8M
102-114 Water Street
See Similar DealsMultiFamily
Sold 03/06/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
Is there something missing? Send suggestions