Scully Company Acquires Multifamily Property In Haverhill, MA For $24.4M
SOLD
$24,379,000
Massachusetts
See Similar DealsMultiFamily
Sold 07/08/2022
SOLD
Scully Company Acquires Multifamily Property In Haverhill, MA For $24.4M
170 Washington Street, Haverhill, Massachusetts 01832, United States
See Similar DealsMultiFamily
Sold 07/08/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 170 Washington St in Haverhill, MA has been sold for a total price of $24,379,000. The property consists of 128 units, with a price per unit of $190,461. The transaction took place on July 8, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $24,379,000
- Address: 170 Washington St, Haverhill, MA
- Market: Haverhill, MA
- Buyer: Scully Company
- Seller: Blackfin Real Estate Investors
- Brokers: Adam Dunn & Chris Phaneuf - Berkadia
- Units: 128
- Price Per Unit: $190,461
The transaction was facilitated by Adam Dunn and Chris Phaneuf from Berkadia, representing both the buyer, Scully Company, and the seller, Blackfin Real Estate Investors.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,300,213.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$86,613.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$115,568.90
Annual Debt Service$1,386,826.77
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