Updated Dec 21, 2023
Hancock Realty Group Sells Andover, MA Multifamily Property For $2.71M
22 Hidden Road, Andover, Massachusetts 01810, United States
$2,714,285
$243/SF
Building Size
11,159 SF
Asset Type
MultiFamily
Closing
Mar 30, 2022
About this deal
AI
The sale of a multifamily property located at 22 Hidden Rd in Andover, MA has been completed. The transaction was handled by Sherri DiBarri of Hancock Realty Group. The property spans across 11,159 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $2,714,285
- Address: 22 Hidden Rd
- Market: Andover, MA
- Broker: Sherri DiBarri - Hancock Realty Group
Notable aspects of this transaction include the sale price of $2,714,285 and a price per square foot of $243.
The multifamily sale at 22 Hidden Road, Andover, Massachusetts 01810, United States in Andover, Massachusetts sold for $2.7M in 2022. The building is 11,159 square feet, implying about 243 per square foot on the published price. Named participants on the 22 Hidden Road, Andover, Massachusetts 01810, United States sale are Sherri DiBarri. This page is the Andover, Massachusetts file for the 22 Hidden Road, Andover, Massachusetts 01810, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Andover sit in the Market section below. Filter that Andover multifamily set by closing date to see what else sold near 22 Hidden Road, Andover, Massachusetts 01810, United States around 2022. Published consideration for 22 Hidden Road, Andover, Massachusetts 01810, United States is $2.7M, dated 2022. Cite this Hancock Realty Group Sells Andover, MA Multifamily Property For $2.71M sale when underwriting similar multifamily product around Andover, Massachusetts.
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Andover 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
5.84%
Cash-on-Cash
-1.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93