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16 Laurel Street, Everett, ...

16 Laurel LLC Acquires Multifamily Asset In Everett, MA For $15M
SOLDMultiFamily

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

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

Bruce Lusa

Cushman & Wakefield

Broker

$899.9M

vol

62 deals

Broker

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