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765 Broadway

Fan Wu Acquires Multifamily Property In Everett, MA For $4.2M
SOLDMultiFamily

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

Dan Pouladian

Northshore Realty Advisors

Broker

$304.3M

vol

68 deals

Broker

Fan Wu

Buyer

$6.6M

vol

3 deals

Buyer

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