Updated Dec 4, 2024
Fraser Allan Acquires Multifamily Property On Lawrence Street, Charlestown, MA
16 Lawrence Street
$2,030,000
$356/SF
Building Size
5,700 SF
Asset Type
MultiFamily
Closing
Oct 9, 2023
About this deal
AI
A multifamily property located at 16 Lawrence Street in Charlestown, MA has been sold for a price of $2,030,000. The property consists of 3 units, resulting in a price per unit of $676,667. With a total square footage of 5,700, the property has a price per square foot of $356.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,030,000
- Units: 3
- Price per Unit: $676,667
- Square Footage: 5,700
- Price per Square Foot: $356
- Address: 16 Lawrence Street, Charlestown, MA
- Market: Charlestown, MA
- Buyer: Fraser Allan
- Seller: Frank Sacco
- Brokers: Ryan Taylor & Brayden Haney - Fortune Realty
Ryan Taylor and Brayden Haney, representing Fortune Realty, acted as the brokers in this property transaction. Their expertise and involvement contributed to the successful sale of the multifamily property at 16 Lawrence Street.
Players
Charlestown 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
7.81%
Cash-on-Cash
-2.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93