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55 Morris Street, Everett, ...

Blue Ocean Realty, Llc Acquires Multifamily Property In Everett, MA For $1M
SOLDMultiFamily

Blue Ocean Realty, Llc Acquires Multifamily Property In Everett, MA For $1M

55 Morris Street, Everett, MA, USA

$1,000,000

$248/SF

Building Size

4,022 SF

Asset Type

MultiFamily

Closing

Nov 30, 2021

AI

A multifamily property located at 55 Morris St in Everett, MA has been sold for a price of $1,000,000. The property spans 4,022 square feet, resulting in a price per square foot of $249.

Summary of transaction details:

The buyer's representative in the deal was Yueji Hall from Blue Ocean Realty, Llc. On the other hand, Francesca Driscoll from Redfin Corp represented the seller in the transaction.

Players

Yueji Hall

Blue Ocean Property Management

Broker

$11.3M

vol

7 deals

Broker

Everett 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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93