Updated Dec 21, 2023
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
About this deal
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.
On the Map
$1,650,000
$272/SF
MultiFamily
View full map
Players
Everett MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Sean Packard to view all their deals.
Browse Massachusetts multifamily sales on Traded.
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