Updated Oct 28, 2024
Cranebrook Crossing, LLC Acquires Multifamily Property In Danvers, MA For $11.9M
9 Dyer Court, Danvers, MA 01923
$11,882,500
$212/SF
Building Size
55,848 SF
Asset Type
MultiFamily
Closing
May 19, 2020
About this deal
AI
A multifamily property located at 9 Dyer Court in Danvers, MA has been sold for a total price of $11,882,500. The property, known as Crane Brook Gardens, is comprised of 70 units with a total square footage of 55,848. The sale price per square foot is $213, and the price per unit is $169,750.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,882,500
- Address: 9 Dyer Court, Danvers, MA
- Market: Danvers, MA
- Seller: Crane Brook Gardens Realty Trust
- Buyer: Cranebrook Crossing, LLC
- Broker: Nicholas Zolotas - Herrick Lutts Realty Partners
Nicholas Zolotas from Herrick Lutts Realty Partners represented both the seller, Crane Brook Gardens Realty Trust, and the buyer, Cranebrook Crossing, LLC, in this transaction.
On the Map
$11,882,500
$212/SF
MultiFamily
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Danvers 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
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93