Updated Dec 21, 2023
Hancock Realty Group Facilitates $2.1M Multifamily Sale In Andover, MA
16-20 Brook Street, Andover, Massachusetts 01810, United States
$2,148,214
$235/SF
Building Size
9,123 SF
Asset Type
MultiFamily
Closing
Mar 30, 2022
About this deal
AI
A multifamily property located at 16-20 Brook St in Andover, MA was recently sold for a total of $2,148,214. The property spans 9,123 square feet, resulting in a price per square foot of $235. The sale was facilitated by Sherri DiBarri of Hancock Realty Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,148,214
- Address: 16-20 Brook St, Andover, MA
- Market: Andover, MA
- Square Footage: 9,123
- Price Per Square Foot: $235
- Broker: Sherri DiBarri - Hancock Realty Group
Sherri DiBarri of Hancock Realty Group played a significant role in facilitating the sale of this multifamily property in Andover, MA. The deal demonstrates the expertise and capabilities of Sherri DiBarri in the real estate market.
On the Map
$2,148,214
$235/SF
MultiFamily
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Players
Andover 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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93