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J. Borstell Real Estate, Inc. Sells Multifamily Property In Lawrence, MA For $1.1M
SOLD
$1,100,000
Massachusetts
See Similar DealsMultiFamily8,481 SF
Sold 05/23/2024
SOLD
J. Borstell Real Estate, Inc. Sells Multifamily Property In Lawrence, MA For $1.1M
50-56 Greenwood Street
See Similar DealsMultiFamily8,481 SF
Sold 05/23/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$129
Total Square Footage:8,481 SF
Transaction Type:Sale
A multi-family property located at 50-56 Greenwood Street in Lawrence, MA, has sold for $1,100,000. The property spans 8,481 square feet, resulting in a price per square foot of $130.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 50-56 Greenwood Street
- Market: Lawrence, MA
- Broker: J. Borstell Real Estate, Inc.
J. Borstell Real Estate, Inc. facilitated the transaction of the multi-family property at 50-56 Greenwood Street in Lawrence, MA, for the selling price of $1,100,000.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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