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14 Marie Avenue

Matthew Petty & Simone Schettino Facilitate $1.1M Multifamily Sale In Everett, MA
SOLDMultiFamily

Matthew Petty & Simone Schettino Facilitate $1.1M Multifamily Sale In Everett, MA

14 Marie Avenue

$1,100,000

$362/SF

Building Size

3,032 SF

Asset Type

MultiFamily

Closing

Jan 30, 2024

AI

A multifamily property located at 14 Marie Avenue in Everett, MA, was sold for $1.1 million. Spanning 3,032 square feet, the property was transacted at a price of $363 per square foot.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Address: 14 Marie Avenue
  • Market: Everett, MA

Matthew Petty of FRAME Residential represented the buyer in the sale of the multifamily property, while Simone Schettino from Century 21 was the seller's representative in the transaction.

Players

Matthew Petty

FRAME Residential

Broker

$20.7M

vol

11 deals

Broker

Everett 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93