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
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