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37 Maple Avenue, Andover, M...

Hancock Realty Group Sells Andover, MA Multifamily Property For $3.5M
SOLDMultiFamily

Hancock Realty Group Sells Andover, MA Multifamily Property For $3.5M

37 Maple Avenue, Andover, Massachusetts 01810, United States

$3,500,000

$346/SF

Building Size

10,103 SF

Asset Type

MultiFamily

Closing

Dec 22, 2021

AI

An Andover, MA multifamily property located at 37 Maple Ave has recently been sold for $3,500,000. The sale was facilitated by Sherri DiBarri of Hancock Realty Group. The property spans approximately 10,103 square feet, resulting in a price per square foot of $346.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,500,000
  • Address: 37 Maple Ave, Andover, MA
  • Broker: Sherri DiBarri - Hancock Realty Group
  • Square Footage: 10,103
  • Price per Square Foot: $346

The involvement of Sherri DiBarri from Hancock Realty Group played a pivotal role in successfully executing the sale of this multifamily property. The completion of this transaction further highlights the expertise and capabilities of the individuals and companies involved.

Players

Sherri DiBarri

Broker

$9.5M

vol

4 deals

Broker

Andover MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93