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16-20 Brook Street, Andover...

Hancock Realty Group Facilitates $2.1M Multifamily Sale In Andover, MA
SOLDMultiFamily

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

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.

Players

Sherri DiBarri

Broker

$9.5M

vol

4 deals

Broker

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