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5-7 Broadway

Emma Lilly Purchases Multifamily Asset At 5-7 Broadway Lawrence For $1.5M With Brokers Dan Pouladian & Benjami Davis
SOLDMultiFamily

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:

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

Dan Pouladian

Northshore Realty Advisors

Broker

$304.3M

vol

68 deals

Broker

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