Updated Sep 9, 2024
Multifamily Property Sold In Methuen, MA For $2M: Buyer Represented By Maureen Collins And Seller Represented By Laurence Marocco
262 Broadway Methuen, Ma 01844, Usa
$2,000,000
$145/SF
Building Size
13,772 SF
Asset Type
MultiFamily
Closing
Aug 21, 2023
About this deal
AI
A multifamily property located at 262-266 Broadway in Methuen, MA, was sold on August 21st, 2023 for $2 million. The property spans a total of 13,772 square feet and achieved a price per square foot of $145.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 262-266 Broadway, Methuen, MA
- Market: Methuen, MA
- Buyer's Representative: Maureen Collins - William Raveis Real Estate
- Seller's Representative: Laurence Marocco - Minco Commercial
- Square Footage: 13,772
- Price per Square Foot: $145
The buyer's representative in this transaction was Maureen Collins, from William Raveis Real Estate, while the seller's representative was Laurence Marocco from Minco Commercial.
On the Map
$2,000,000
$145/SF
MultiFamily
View full map
Players
Broadway MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit William Raveis Real Estate 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93