Arrowpoint Properties Acquires 40-Unit Multifamily Property In Haverhill For $12.1M With Financing

A multifamily asset was sold located at 0 & 2 South Grove Street in Haverhill, MA, encompassing 40 market-rate units with a sale price of $12,100,000. The price per unit is $302,500. Financing for the transaction totaled $8,900,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $12,100,000
• Units: 40
• Price Per Unit: $302,500
• Lender: Winchester Savings Bank
• Mortgage Broker: Patrick Brady - Brady Capital Advisors
• Brokers: Anthony Arone, Jay Goldberg & David Lamattina - Arrowpoint Properties

The transaction involved key individuals from Arrowpoint Properties, with Anthony Arone, Jay Goldberg, and David Lamattina representing the brokerage in the deal. The financing was facilitated by Patrick Brady of Brady Capital Advisors.