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17-19 Grove Street

Yvette Guerra Acquires Multifamily Property In Methuen, MA For $8.25M
SOLDMultiFamily

Yvette Guerra Acquires Multifamily Property In Methuen, MA For $8.25M

17-19 Grove Street

$8,250,000

$158/SF

Building Size

52,216 SF

Asset Type

MultiFamily

Closing

Mar 1, 2024

AI

The multifamily property located at 70-72 Union Street & 17-19 Grove Street in Methuen, MA, was sold for $8,250,000. This property consists of 36 units with a price per unit of $229,167. The total square footage of the property is 26,108, resulting in a price per square foot of $316.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $8,250,000
  • Units: 36
  • Price Per Unit: $229,167
  • Square Footage: 26,108
  • Price Per Square Foot: $316
  • Address: 70-72 Union Street & 17-19 Grove Street, Methuen, MA

Yvette Guerra acquired the property from Irshad Sideeka. The transaction was facilitated by Spencer Norton, Dennis Kelleher, and John Pentore from Horvath & Tremblay.

Players

Dennis Kelleher

Horvath & Tremblay

Broker

$561.5M

vol

96 deals

Broker

Methuen 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

1.92%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93