Northeast Private Client Group Facilitates $4.95M Multifamily Sale In North Andover, MA
SOLD
Massachusetts
See Similar DealsMultiFamily450 SF
Sold 05/13/2021
SOLD
Northeast Private Client Group Facilitates $4.95M Multifamily Sale In North Andover, MA
90 Sutton Street, North Andover, Massachusetts, USA
See Similar DealsMultiFamily450 SF
Sold 05/13/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$11,000
Total Square Footage:450 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$264,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,586.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,465.53
Annual Debt Service$281,586.30
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