Updated Oct 28, 2024
16 Laurel LLC Acquires Multifamily Asset In Everett, MA For $15M
16 Laurel Street, Everett, Massachusetts 02149, United States
$15,000,000
$6,915/SF
Building Size
2,169 SF
Asset Type
MultiFamily
Closing
Dec 28, 2021
About this deal
AI
An multifamily property located at 16 Laurel Street in Everett, MA was recently sold for $15,000,000. The property consists of 26 units, which equates to an average price per unit of $576,932.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,000,000
- Units: 26
- Price Per Unit: $576,932
- Address: 16 Laurel Street, Everett, MA
- Market: Everett, MA
The buyer of the property was a company called 16 Laurel LLC, while the seller was DV Partners LLC. The transaction was facilitated by the brokers Jon Bryant, Chris Sower, John Flaherty, Bruce Lusa, and Kevin Jones from Cushman & Wakefield.
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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93