SOLD
Arrowpoint Sells Multifamily Property In Methuen, MA For $6.5M By Horvath & Tremblay
70-72 Union Street & 17-19 Grove Street
MultiFamily
Sold 1 year ago
Summary
Sale
MASSACHUSETTS
MultiFamily
The multifamily property located at 70-72 Union Street & 17-19 Grove Street in Methuen, MA has been sold for $6,500,000. The transaction took place on 07/30/2021. The property consists of 36 units, with a price per unit (PPU) of $180,556. The cap rate for the property is 6.1%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,500,000
- Units: 36
- Price Per Unit (PPU): $180,556
- Cap Rate: 6.1%
The seller of the property was Arrowpoint, represented by Jay Goldberg. The brokers involved in the deal were Dennis Kelleher, John Pentore, and Spencer Norton from Horvath & Tremblay.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Dennis Kelleher, John Pentore, & Spencer Norton
DATE: 07/30/2021
ADDRESS: 70-72 Union Street & 17-19 Grove Street
MARKET: Methuen, MA
ASSET TYPE: Multifamily
SELLER: Arrowpoint - Jay Goldberg
BROKERS: Dennis Kelleher, John Pentore, & Spencer Norton - Horvath & Tremblay
SALE PRICE: $6,500,000
UNITS: 36 ~ PPU: $180,556
CAP: 6.1%View on map
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Address70-72 Union Street & 17-19 Grove Street
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