Updated Dec 21, 2023
Spencer Norton Of Horvath & Tremblay Brokers $2M Sale Of Multifamily Property In Lawrence, MA
279 Park Street, Lawrence, Massachusetts 01841, United States
$2,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 23, 2022
About this deal
AI
Located at 279-289 Park St & 202-204 Lawrence St in Lawrence, MA, this multifamily property has recently been sold. The transaction took place on June 24, 2022, with a sale price of $2,000,000. The property image was captured by Spencer Norton.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,000,000
The deal was facilitated by Spencer Norton of Horvath & Tremblay. They served as the broker in this transaction, representing the buyer or seller involved. The specific parties involved in the deal were not mentioned in the available information.
Lawrence 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93