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.
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