Updated Dec 4, 2024
Tristan Lush And Ryan Schruender Facilitate $1.44M Multifamily Sale In Andover, MA
228 Andover Street
$1,440,000
$218/SF
Building Size
6,604 SF
Asset Type
MultiFamily
Closing
Mar 7, 2024
About this deal
AI
A multifamily property located at 228 Andover Street in Andover, MA, was sold for $1,440,000. The property spans a total of 6,604 square feet with a price per square foot of $218.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,440,000
- Address: 228 Andover Street
- Market: Andover, MA
Tristan Lush from Compass represented the buyer, while Ryan Schruender from Schruender Realty represented the seller in the transaction.
The multifamily sale at 228 Andover Street in Andover, Massachusetts sold for $1.4M in 2024. The building is 6,604 square feet, implying about 218 per square foot on the published price. Tristan Lush, Ryan Schruender, Compass, Schruender Realty appear on the sale alongside Compass, Schruender Realty. This page is the Andover, Massachusetts file for the 228 Andover Street 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 228 Andover Street around 2024. Published consideration for 228 Andover Street is $1.4M, dated 2024. Cite this Tristan Lush And Ryan Schruender Facilitate $1.44M Multifamily Sale In Andover, MA sale when underwriting similar multifamily product around Andover, Massachusetts.
Players
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
11.02%
Cash-on-Cash
-3.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93