Northeast Private Client Group Sells Willard Street Apartments In Lowell, MA For $12.85M
134 140 & 148 Willard Street
$12,850,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 16, 2023
AI
Northeast Private Client Group (NEPCG) has successfully sold the Willard Street Apartments in Lowell, MA. The property consists of three buildings with a total of 72 units, and it has been sold for $12.85 million. The sale took place on June 16, 2023. The apartment buildings are located at 134-140 & 148 Willard Street.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,850,000
- Address: 134-140 & 148 Willard Street, Lowell, MA
- Market: Lowell, MA
The sale of the Willard Street Apartments was facilitated by the Northeast Private Client Group, represented by brokers Francis Saenz, Drew Kirkland, Jim Casey, Brad Carlson, and Brett Curtis.
Players
Boston 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
1.23%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93