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175 Hancock St Everett, MA ...

Eric Paul Acquires Multifamily Property In Everett, MA For $1.475M
SOLDMultiFamily

Eric Paul Acquires Multifamily Property In Everett, MA For $1.475M

175 Hancock St Everett, MA 02149, USA

$1,475,000

$281/SF

Building Size

5,237 SF

Asset Type

MultiFamily

Closing

Jun 14, 2023

AI

The multifamily property located at 175 Hancock Street in Everett, MA has been sold. The transaction took place on 06/14/2023. The property consists of 5 units with a total square footage of 5,237. The sale price for the property was $1,475,000, equating to a price per unit of $295,000. Additionally, the price per square foot was $282. The property is situated in the Everett market.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,475,000
  • Address: 175 Hancock Street, Everett, MA
  • Units: 5
  • Price per Unit: $295,000
  • Total Square Footage: 5,237
  • Price per Square Foot: $282

The buyer of the property is Eric Paul, while the seller is Andreas Tsitos. The deal was facilitated by brokers Dennis Kelleher and John Pentore from Horvath & Tremblay.

Players

Dennis Kelleher

Horvath & Tremblay

Broker

$565M

vol

97 deals

Broker

Boston 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

10.75%

Cash-on-Cash

-3.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93