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
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