Emma Lilly Purchases Multifamily Asset At 5-7 Broadway Lawrence For $1.5M With Brokers Dan Pouladian & Benjami Davis
5-7 Broadway
$1,500,000
$130/SF
Building Size
11,500 SF
Asset Type
MultiFamily
Closing
Nov 22, 2024
AI
The property involved in this transaction is a multifamily asset located at 5-7 Broadway, Lawrence, MA. The sale price of the property was $1,500,000, and it encompasses a total of 12 units. The square footage of the property is 11,500, resulting in a price per unit of $125,000 and a price per square foot of $130.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Buyer: Emma Lilly
- Seller: Paul Fauvel
- Broker Representatives: Dan Pouladian & Benjami Davis - Northshore Realty Advisors
- Units: 12
- Square Footage: 11,500
- Price Per Unit: $125,000
- Price Per Square Foot: $130
This transaction was facilitated by Dan Pouladian and Benjami Davis, who represented the interests of the buyer and seller. Additionally, it is noted that this deal consisted of three properties in total, which includes 120 Lakeview Ave in Lowell, 110 Cross Street, and 5-7 Broadway in Lawrence.
Players
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93