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46 Friend Street, Amesbury,...

Ellie Maeve Realty LLC Acquires Mixed-use Property In Amesbury, MA For $1.2M
SOLDMixed-use

Ellie Maeve Realty LLC Acquires Mixed-use Property In Amesbury, MA For $1.2M

46 Friend Street, Amesbury, Massachusetts 01913, United States

$1,200,000

$188/SF

Building Size

6,370 SF

Asset Type

Mixed-use

Closing

Apr 26, 2022

AI

Located at 46 Friend St in Amesbury, MA, this mixed-use property was recently sold in a closed transaction. The property spans an impressive 6,370 square feet, offering ample space for various uses. The sale took place on April 27, 2022, with a final sale price of $1,200,000. The price per square foot (PPSF) for this transaction equates to $188.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,200,000
  • Address: 46 Friend St, Amesbury, MA
  • Market: Amesbury, MA
  • Square Footage: 6,370
  • Buyer: Ellie Maeve Realty LLC
  • Seller: Paul & Carol Bellavance
  • Buyer's Representative: Arthur Martiroso & David Martiroso - DNA Realty Group - Keller Williams
  • Seller's Representative: Michele Lawlor - Team Lilian Montalto - Lilian Montalto Signature Properties

Arthur Martiroso and David Martiroso, representing DNA Realty Group at Keller Williams, acted as the buyer's representatives in this transaction. On the other hand, Michele Lawlor, part of Team Lilian Montalto at Lilian Montalto Signature Properties, represented the sellers, Paul and Carol Bellavance.

Players

Lillian Montalto

Broker

$8.8M

vol

4 deals

Broker
RL
Realty LLCBuyer

Amesbury 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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93