Fan Wu Acquires Multifamily Property In Everett, MA For $4.2M
765 Broadway
$4,175,000
$282/SF
Building Size
14,764 SF
Asset Type
MultiFamily
Closing
Jun 9, 2023
AI
A multifamily property located at 765 Broadway in Everett, MA, has been sold for a price of $4,175,000. The property consists of 13 units with a price per unit (PPU) of approximately $321,154. The total square footage of the property is 14,764, resulting in a price per square foot (PPSF) of $283. The sale was completed on 06/09/2023.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,175,000
- Address: 765 Broadway, Everett, MA
- Market: Everett, MA
The buyer of the property was Fan Wu, while Andreas Tsitos served as the seller. The sale was facilitated by brokers Dan Pouladian and Sara Pouladian of Northshore Realty Advisors, with Dan Pouladian representing the seller and procuring the buyer through their private network.
Players
Boston 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
3.80%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93