Updated Aug 7, 2026
New England Realty Advisors Completes $1.69M Sale Of Summer Street Apartments In Haverhill MA
85 Summer Street & 87 Summer Street
$1,690,000
Units
8
Asset Type
MultiFamily
Closing
Aug 4, 2026
About this deal
AI
The transaction involved the sale of Summer Street Apartments, a multi-family property consisting of eight units located at 85-87 Summer Street in Haverhill, Massachusetts. The sale price for the property was $1,690,000, resulting in a price per unit of $211,250.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,690,000
- Units: 8
- Price Per Unit: $211,250
- Broker: Bradford Carlson - New England Realty Advisors
- Date of Sale: 08/04/2026
- Market: Haverhill, MA
Bradford Carlson represented New England Realty Advisors in the completion of the sale, facilitating the transaction of the eight-unit multifamily property.
Tekoa 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
9.39%
Cash-on-Cash
-2.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93