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
North Andover 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93