Updated Oct 28, 2024
Scully Company Acquires Multifamily Property In Haverhill, MA For $24.4M
170 Washington Street, Haverhill, Massachusetts 01832, United States
$24,379,000
Units
128
Asset Type
MultiFamily
Closing
Jul 7, 2022
About this deal
AI
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.
Players
Haverhill 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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93