Updated Dec 18, 2023
Weichert Realtors' Daher Companies Acquires Multifamily Property In Lawrence, MA For $1.25M
139 May Street, Lawrence, Massachusetts 01841, United States
$1,250,000
$196/SF
Building Size
6,369 SF
Asset Type
MultiFamily
Closing
Dec 27, 2021
About this deal
AI
The multifamily property located at 139-143 May St in Lawrence, MA has been sold in a closed transaction on December 27, 2021. The property spans 6,369 square feet and was sold for a price of $1,250,000, resulting in a price per square foot of $196.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Address: 139-143 May St
- Market: Lawrence, MA
- Square Footage: 6,369
- Broker: Jennelle Graziano & Mary Koontz-Daher - Weichert Realtors' Daher Companies
Jennelle Graziano and Mary Koontz-Daher from Weichert Realtors' Daher Companies represented the parties involved in the sale of this multifamily property.
Players
Lawrence 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93