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301 Central Ave

Irving Langer Purchases Mixed-use Property At 301 Central Ave From Chris Stefanakos For $4.75M
SOLDMixed-use

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

Yosef Katz

Atlas Realty Group

Broker

$1.1B

vol

134 deals

Broker
Irving Langer

Irving Langer

Buyer

$510.4M

vol

10 deals

Buyer

Chris Stefanakos

Seller
Seller

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