Updated Dec 18, 2023
Cushman & Wakefield Brokers Sell Multifamily Property In Everett, MA For $6.8M
11 Langdon Street, Everett, Massachusetts 02149, United States
$6,800,000
$290/SF
Building Size
23,400 SF
Asset Type
MultiFamily
Closing
Jun 23, 2022
About this deal
AI
Located at 11 Langdon St in Everett, MA, this multifamily property was recently sold in a closed transaction. The property spans 23,400 square feet and consists of 17 units. The sale price for this transaction was $6,800,000, with a price per unit of $400,000. The price per square foot was calculated at $291.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,800,000
- Address: 11 Langdon St, Everett, MA
- Market: Everett, MA
- Units: 17
- Price per Unit: $400,000
- Square Footage: 23,400
- Price per Square Foot: $291
The deal for this property was facilitated by a team of brokers from Cushman & Wakefield. The team included John Flaherty, Chris Sower, Jon Bryant, Bruce Lusa, Kevin Jones, Julie Regan, and Mary VanNatta. They played a crucial role in representing the parties involved in this transaction.
Players
Everett 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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93