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1252 Osgood Street, North A...

JLL Income Property Trust Inc. Acquires Multifamily Property In North Andover, MA For $72.5M
SOLDMultiFamily

JLL Income Property Trust Inc. Acquires Multifamily Property In North Andover, MA For $72.5M

1252 Osgood Street, North Andover, MA 01845

$72,500,000

$51,822/SF

Building Size

1,399 SF

Asset Type

MultiFamily

Closing

May 10, 2021

AI

The multifamily property located at 1252 Osgood St in North Andover, MA has been sold for a total price of $72,500,000. The transaction took place on 05/11/2021 and involved the sale of 192 units.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $72,500,000
  • Address: 1252 Osgood St, North Andover, MA
  • Market: North Andover, MA
  • Seller: Princeton Properties - Andrew Chabban, James Herscot & Howard Reef
  • Buyer: JLL Income Property Trust Inc.
  • Units: 192
  • Price per Unit (PPU): $377,604

The sale of 1252 Osgood St was facilitated by Princeton Properties represented by Andrew Chabban, James Herscot & Howard Reef. The buyer in this transaction was JLL Income Property Trust Inc.

Players

JLL
JLLBuyer

North Andover 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

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93