Centre Realty Group Acquires Multifamily Property In Everett, MA For $1.65M
22 Gladstone Street, Everett, Massachusetts 02149, United States
$1,650,000
$272/SF
Building Size
6,062 SF
Asset Type
MultiFamily
Closing
Dec 7, 2021
AI
The multifamily property located at 22-24 & 26-28 Gladstone St in Everett, MA has been sold for a price of $1,650,000. This property consists of 5 units, with a price per unit of $330,000. The total square footage of the property is 6,062, with a price per square foot of $272.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Units: 5
- Price per Unit: $330,000
- Square Footage: 6,062
- Price per Square Foot: $272
- Address: 22-24 & 26-28 Gladstone St, Everett, MA
- Market: Everett, MA
The buyer's representative for this transaction was Sean Packard from Centre Realty Group, while the seller's representative was Deborah Byrne from Berkshire Hathaway Verani Realty.
Players
Everett 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93