Updated Nov 27, 2024
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
About this deal
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.
On the Map
$72,500,000
$51,822/SF
MultiFamily
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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