Boston City Group Acquires Multifamily Property In Rowley, MA For $13.8M
SOLD
$13,775,000
Massachusetts
See Similar DealsMultiFamily
Sold 01/04/2022
SOLD
Boston City Group Acquires Multifamily Property In Rowley, MA For $13.8M
803 Haverhill Street, Rowley, Massachusetts 01969, United States
See Similar DealsMultiFamily
Sold 01/04/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
803-805 Haverhill St & 4 Dodge Rd, located in Rowley, MA, has been sold in a recent transaction. The property is a multifamily asset, offering a lucrative investment opportunity in the market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,775,000
- Date: 01/04/2022
- Brokers: Caroline Ligotti, Linda Redeker & Emily McGranaghan - Boston City Group, Inc.
Caroline Ligotti, Linda Redeker, and Emily McGranaghan from Boston City Group, Inc. facilitated the deal as the brokers representing the involved parties. Their expertise and guidance played a crucial role in ensuring a successful transaction.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$734,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$48,939.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$65,300.53
Annual Debt Service$783,606.33
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