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27 Vine Street

Dennis Kelleher, John Pentore & Spencer Norton Of Horvath & Tremblay Sell Multifamily Portfolio In Haverhill For $3.2M
SOLDMultiFamily

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:

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

Dennis Kelleher

Horvath & Tremblay

Broker

$561.5M

vol

96 deals

Broker

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