Kayla Nassar Purchases Mixed-Use Asset At 130 Centre Street In Danvers For $4.8M
130 Centre Street
$4,800,000
$161/SF
Building Size
29,708 SF
Asset Type
Mixed-use
Closing
May 14, 2025
AI
The mixed-use property located at 130 Centre Street in Danvers, MA was sold for $4,800,000. The asset consists of 49 units and encompasses a total square footage of 29,708, with a price per unit of $97,959 and a price per square foot of $161.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,800,000
- Market: Danvers, MA
- Units: 49
- Price Per Unit: $97,959
- Square Footage: 29,708
- Price Per Square Foot: $161
- Buyer: Kayla Nassar
- Seller: Alex Steinbergh
- Brokers: Dennis Kelleher, John Pentore & Stephen Girolamo - Horvath & Tremblay
The transaction was facilitated by three brokers from Horvath & Tremblay: Dennis Kelleher, John Pentore, and Stephen Girolamo, who represented the broker side of the deal.
Players
Danvers 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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93