Updated Oct 28, 2024
Cepeda Investments LLC Acquires Lawrence Multifamily For $1.9M
53-55 Newbury St, Lawrence, Massachusetts, USA
$1,900,000
$253/SF
Building Size
7,500 SF
Asset Type
MultiFamily
Closing
Oct 25, 2021
About this deal
AI
Located in Lawrence, MA, the multifamily property at 53-55 Newbury St has been sold for $1,900,000. The transaction took place on 10/25/2021, and the property offers 12 units with an average price per unit of $158,333. Spanning across 7,500 square feet, the property's price per square foot is approximately $253.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Units: 12
- Price Per Unit: $158,333
- Square Footage: 7,500
- Price Per Square Foot: $253
- Address: 53-55 Newbury St, Lawrence, MA
Andrew Haddad served as the broker for the transaction, representing both the buyer, Cepeda Investments LLC, and the seller, 53-55 Newbury St LLC.
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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93