Dennis Kelleher, John Pentore & Spencer Norton Of Horvath & Tremblay Sell Multifamily Portfolio In Haverhill For $3.2M
27 Vine Street & 30 Vine Street
$3,200,000
$109/SF
Building Size
29,236 SF
Asset Type
MultiFamily
Closing
Feb 28, 2025
AI
27, 28, and 30 Vine Street are multifamily properties located in Haverhill, MA, comprising a total of 19 units. The sale was completed for $3,200,000, which constitutes a price per unit of $168,421. The properties encompass 14,618 square feet, resulting in a price per square foot of $219. These assets have seen recent upgrades, including new roofs and siding.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,200,000
- Units: 19
- Square Footage: 14,618
- Price Per Unit: $168,421
- Price Per Square Foot: $219
- Brokers: Dennis Kelleher, John Pentore & Spencer Norton - Horvath & Tremblay
The transaction involved the brokerage team of Dennis Kelleher, John Pentore, and Spencer Norton, who represented the interests throughout the sale of these multifamily properties, indicating a strategic collaboration in the market.
Players
Haverhill 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93