facebook
Traded Co logo
Submit

Jinyu Xie Acquires Multifamily Property On Hatch Street In Everett For $1M

Property Image
SOLD
$1,000,000

Massachusetts

See Similar Deals
MultiFamily3,210 SF
Sold 09/16/2021
the dealplayerscompscontact
Property Image
SOLD

Jinyu Xie Acquires Multifamily Property On Hatch Street In Everett For $1M

20 Hatch Street, Everett, Massachusetts, USA

See Similar Deals
MultiFamily3,210 SF
Sold 09/16/2021
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$311
Total Square Footage:3,210 SF
Transaction Type:Sale

Located at 20 Hatch Street in Everett, MA, this recently sold multifamily property is a great investment opportunity. The transaction was finalized on 09/16/2021, with Jinyu Xie as the buyer and Jay Abruzzese as the seller. The property spans 3,210 square feet and was sold for $1,000,000, surpassing its initial asking price of $949,000. With a price per square foot of $312, this multifamily asset is an attractive option in the Everett market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Address: 20 Hatch Street, Everett, MA
  • Market: Everett, MA

Rose Hall from Blue Ocean Realty, LLC represented the buyer, Jinyu Xie, in this transaction, while Shaundize Moosavizadeh from Coldwell Banker Realty represented the seller, Jay Abruzzese. Both representatives played instrumental roles in ensuring a successful deal for their respective clients.

This transaction demonstrates the strong investment potential of multifamily properties in Everett, MA. With the property being sold above the asking price, it indicates the demand and attractiveness of this asset type in the market. The involvement of experienced and reputed real estate representatives, such as Rose Hall and Shaundize Moosavizadeh, further adds to the credibility and trustworthiness of this transaction.

Players

Shaundize Moosavizadeh
4 deals$5.2M volume
BROKER

Rose Hall
Blue Ocean Property Management
7 deals$12.5M volume
BROKER

Details

SOLD
IMAGE: Shaundize Moosavizadeh & Rose Hall DATE: 09/16/2021 ADDRESS: 20 Hatch Street MARKET: Everett, MA ASSET TYPE: Multifamily BUYER: Jinyu Xie SELLER: Jay Abruzzese BUYER'S REP: Rose Hall - Blue Ocean Realty, LLC SELLER'S REP: Shaundize Moosavizadeh - Coldwell Banker Realty ASKING PRICE: $949,000 SALE PRICE: $1,000,000 SF: 3,210 ~ PPSF: $312

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$53,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12