Northeast Private Client Group Sells Multifamily Property in Methuen, MA for $785,000
– Leading mid-market investment sales firm represents seller and sources buyer for multifamily property.–
Newton, MA (October 19, 2020) – Investment sales broker Northeast Private Client Group has announced the sale of Phillips Street Multifamily is located at 49-55 Phillips Street in Methuen, MA. Francis Saenz and Drew Kirkland, senior associates for the firm, represented the seller and procured the buyer in the $785,000 transaction.
Phillips Street Multifamily is a 6 unit property comprised of two separate three-family buildings located on one parcel. Each three family is comprised of two-bedroom/one-bathroom apartments. An Amesbury, MA based seller, J & J Properties, LLC, sold the property to a private Burlington, MA based investor for a price that equates to $130,833 per unit and a cap rate of 5.24 percent.
About Northeast Private Client Group
Northeast Private Client Group is a leading mid-market investment sales firm and has been named as one of the Inc5000 Fastest-Growing Private Companies in the US. With offices in New York, Connecticut, Rhode Island and Massachusetts, we provide unmatched results by combining specialized market intelligence with a relationship-based marketing strategy that caters to our individual clients’ needs. We have a proven track record of matching our clients with qualified buyers of multifamily and commercial properties in the submarkets we serve. Over the past ten years, our team has closed transactions with a total value over $1.5 billion.Our collaborative and research-driven solutions are tailored to meet the individual needs of investors and property owners across the Northeast who are looking to buy, sell or exchange mid-market properties, including mixed-use, multifamily, retail and office assets.
To learn more, visit: https://northeastpcg.com.