Michael Craven Acquires Mixed-Use Property In North Andover, MA For $3.4M

A mixed-use property located at 61-67 Water St and a 6-unit multi-family property at 19-29 E Water St in North Andover, MA have been sold for a total price of $3,400,000. The mixed-use property consists of 10 units and the multi-family property consists of 6 units, making a total of 16 units in this transaction. The price per unit for this deal is $212,500, with a total square footage of 11,715 and a price per square foot of $290.

Summary of transaction details

• Property Type: Mixed-Use
• Transaction Amount: $3,400,000
• Units: 16
• Price per Unit: $212,500
• Square Footage: 11,715
• Price per Square Foot: $290
• Address: 61-67 Water St & 19-29 E Water St, North Andover, MA
• Market: North Andover, MA

The buyer of these properties is Michael Craven, and the seller is Peter Graziani. The brokers involved in this transaction are Spencer Norton and Stephen Girolamo, representing Horvath & Tremblay.

Note from broker: The sale consisted of a 6-unit multi-family property at 19-29 East Water Street and a 10-unit mixed-use property at 61-67 Water Street in North Andover, MA.