Updated Dec 21, 2023
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
About this deal
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.
On the Map
$3,500,000
$346/SF
MultiFamily
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Andover 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93