Updated Dec 4, 2024
Kathy Pappas & Michelle Fermin Handle $1.1M Multifamily Sale In Lawrence
152 Prospect Street
$1,100,000
$293/SF
Building Size
3,747 SF
Asset Type
MultiFamily
Closing
Jun 10, 2024
About this deal
AI
In Lawrence, MA, a multifamily property located at 152 Prospect Street was sold for $1,100,000. The property spans 3,747 square feet, resulting in a price per square foot of $294.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 152 Prospect Street
- Market: Lawrence, MA
Kathy Pappas from Re/Max represented the buyer, while Michelle Fermin from Century 21 represented the seller in this transaction.
The multifamily sale at 152 Prospect Street in Lawrence, Massachusetts sold for $1.1M in 2024. The building is 3,747 square feet, implying about 293 per square foot on the published price. Michelle Fermin, Kathy Pappas, Re/Max, Century 21 appear on the sale alongside Re/Max, Century 21. This page is the Lawrence, Massachusetts file for the 152 Prospect Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Lawrence sit in the Market section below. Filter that Lawrence multifamily set by closing date to see what else sold near 152 Prospect Street around 2024. Published consideration for 152 Prospect Street is $1.1M, dated 2024. Cite this Kathy Pappas & Michelle Fermin Handle $1.1M Multifamily Sale In Lawrence sale when underwriting similar multifamily product around Lawrence, Massachusetts.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93