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40 Locke Street, Haverhill,...

DSF Group Acquires Multifamily Property In Haverhill, MA For $77M
SOLDMultiFamily

DSF Group Acquires Multifamily Property In Haverhill, MA For $77M

40 Locke Street, Haverhill, Massachusetts 01830, United States

$77,000,000

Units

305

Asset Type

MultiFamily

Closing

Aug 2, 2022

AI

The multifamily property located at 40 Locke St in Haverhill, MA has been sold in a transaction for a total price of $77,000,000. The property consists of 305 units, resulting in a per unit price of $252,459. The sale took place on 08/03/2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $77,000,000
  • Address: 40 Locke St, Haverhill, MA
  • Market: Haverhill, MA

The buyer of the property is an affiliate of DSF Group, while the seller is Brookfield Properties. The transaction was facilitated by the brokers Simon Butler, Biria St. John, and John McLaughlin from CBRE.

Please note that no additional information was provided regarding the property or the individuals involved in the deal.

Players

Simon Butler

CBRE

Broker

$2.5B

vol

33 deals

Broker
Brookfield Properties
Brookfield PropertiesBrokerage
DSF Group
DSF GroupBuyer

Haverhill 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

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93