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152 Prospect Street

Kathy Pappas & Michelle Fermin Handle $1.1M Multifamily Sale In Lawrence
SOLDMultiFamily

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

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.

Players

Michelle Fermin

Century 21

Broker

$3M

vol

3 deals

Broker

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