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

Property Image
SOLD
$77,000,000
Simon Butler
John McLaughlin
Biria St. John

Massachusetts

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MultiFamily
Sold 08/03/2022
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Property Image
SOLD

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

40 Locke Street, Haverhill, Massachusetts 01830, United States

See Similar Deals
MultiFamily
Sold 08/03/2022
Simon Butler
John McLaughlin
Biria St. John
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

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
Simon Butler
33 deals$2.5B volume
BROKER
Biria St. John
CBRE
Biria St. John
32 deals$2.5B volume
BROKER
John McLaughlin
CBRE
John McLaughlin
27 deals$2.3B volume
BROKER
Brookfield Properties
Brookfield Properties
BROKERAGE
DSF Group
DSF Group
BUYER

Details

SOLD
IMAGE: Simon Butler, John McLaughlin & Biria St. John DATE: 08/03/2022 ADDRESS: 40 Locke St MARKET: Haverhill, MA ASSET TYPE: Multifamily BUYER: Affiliate of DSF Group SELLER: Brookfield Properties (@BrookfieldProperties) BROKERS: Simon Butler, Biria St. John & John McLaughlin - CBRE (@CBRE) SALE PRICE: $77,000,000 UNITS: 305 ~ PPU: $252,459

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,106,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$273,564.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$365,019.28
Annual Debt Service$4,380,231.40