facebook
Traded Co logo
Submit
Daily limit: 0/10

Northeast Private Client Group Sells Willard Street Apartments In Lowell, MA For $12.85M

Property Image
SOLD
$12,850,000
Francis Saenz
Drew Kirkland
+ 2

Massachusetts

See Similar Deals
MultiFamily
Sold 06/16/2023
the dealplayerscompscontact
Property Image
SOLD

Northeast Private Client Group Sells Willard Street Apartments In Lowell, MA For $12.85M

134 140 & 148 Willard Street

See Similar Deals
MultiFamily
Sold 06/16/2023
Francis Saenz
Drew Kirkland
+ 2
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

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

Drew Kirkland
18 deals$94.8M volume(857) 990-6802
BROKER

Francis Saenz
NorthEast Private Client Group
15 deals$72.7M volume(857) 990-6803
BROKER

Bradford (Brad) Carlson
NorthEast Private Client Group
6 deals$45.3M volume
BROKER

Jim Casey
NorthEast Private Client Group
9 deals$54.1M volume
BROKER

Brett Curtis
NorthMarq
2 deals$36.9M volume(603) 475-3964
BROKER

Details

SOLD
IMAGE: Francis Saenz, Jim Casey, Brad Carlson, Brett Curtis & Drew Kirkland DATE: 06/16/2023 ADDRESS: 134-140 & 148 Willard Street MARKET: Lowell, MA ASSET TYPE: Multifamily BROKERS: Francis Saenz (@Franciscooo88), Drew Kirkland, Jim Casey, Brad Carlson & Brett Curtis - Northeast Private Client Group (@NortheastPCG) SALE PRICE: $12,850,000 UNITS: 72 ~ PPU: $178,72 NOTE: Northeast Private Client Group (NEPCG) has successfully sold the Willard Street Apartments, comprising three buildings with a total of 72 units, for $12.85 million.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$685,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$45,653.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$60,915.56
Annual Debt Service$730,986.67