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
North Andover MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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