Irving Langer Purchases Mixed-use Property At 301 Central Ave From Chris Stefanakos For $4.75M
301 Central Ave
$4,750,000
$317/SF
Building Size
14,980 SF
Asset Type
Mixed-use
Closing
Apr 6, 2017
AI
The asset involved in this transaction is a mixed-use property located at 301 Central Ave in the Lawrence market. The property was sold for $4,750,000.00 and has a total square footage of 14,980.0.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,750,000.00
- Address: 301 Central Ave
- Market: Lawrence
- Square Footage: 14,980.0
- Buyer: Irving Langer
- Seller: Chris Stefanakos
- Brokers: Curtis Grosser and Yosef Katz (Atlas Realty Group)
The deal involved Irving Langer as the buyer acquiring the property from seller Chris Stefanakos. The transaction was facilitated by brokers Curtis Grosser and Yosef Katz from Atlas Realty Group, ensuring the smooth handling of the deal.
Players
Lawrence Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93