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90 Sutton Street, North And...

Northeast Private Client Group Facilitates $4.95M Multifamily Sale In North Andover, MA
SOLDMultiFamily

Northeast Private Client Group Facilitates $4.95M Multifamily Sale In North Andover, MA

90 Sutton Street, North Andover, Massachusetts, USA

$4,950,000

$11,000/SF

Building Size

450 SF

Asset Type

MultiFamily

Closing

May 12, 2021

AI

A multifamily property located at 90 Sutton Street in North Andover, MA has been sold for $4,950,000. The property consists of 34 units, with a price per unit of $145,588. It sits on a 1.06-acre lot, with a price per acre of $4,669,811.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,950,000
  • Address: 90 Sutton Street, North Andover, MA
  • Market: North Andover, MA
  • Units: 34
  • Price Per Unit: $145,588
  • Acres: 1.06
  • Price Per Acre: $4,669,811

The sale of this multifamily property was facilitated by Francis Saenz and Drew Kirkland from Northeast Private Client Group.

Players

Drew Kirkland

NorthEast Private Client Group

Broker

$94.8M

vol

18 deals

Broker

North Andover 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

3.20%

Cash-on-Cash

-0.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93