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
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