Updated Dec 21, 2023
Horvath & Tremblay Facilitate $1.47M Mixed Use Property Sale In Gloucester, MA
84 Main Street, Gloucester, Massachusetts 01930, United States
$1,468,500
$157/SF
Building Size
9,351 SF
Asset Type
Mixed-use
Closing
Sep 18, 2022
About this deal
AI
A mixed-use property located at 84 Main St in Gloucester, MA has been sold for a total price of $1,468,500. The property spans 9,351 square feet, resulting in a price per square foot of $157. The transaction took place on September 19, 2022. Bob Horvath, Todd Tremblay, and Stephen Girolamo of Horvath & Tremblay served as the brokers representing the deal.
Summary of transaction details
- Property Type: Mixed Use
- Transaction Amount: $1,468,500
- Address: 84 Main St, Gloucester, MA
- Market: Gloucester, MA
- Brokers: Bob Horvath, Todd Tremblay & Stephen Girolamo - Horvath & Tremblay
- Square Footage: 9,351
- Price per Square Foot: $157
Bob Horvath, Todd Tremblay, and Stephen Girolamo of Horvath & Tremblay played a crucial role in facilitating the transaction of this mixed-use property.
Players
Gloucester 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
10.80%
Cash-on-Cash
-3.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93