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99 North Street

Kevin Johnson Of Realty20 Represents Buyer In Sale Of Mixed-Use Building In Salem For $1.1M
SOLDMixed-use

Kevin Johnson Of Realty20 Represents Buyer In Sale Of Mixed-Use Building In Salem For $1.1M

99 North Street

$1,100,000

$187/SF

Building Size

5,866 SF

Asset Type

Mixed-use

Closing

Sep 13, 2024

AI

A mixed-use building located at 99 North Street in Salem, MA, has been sold for $1,100,000. The asset comprises two 4-bedroom residential units and two retail spaces, totaling 5,866 square feet with a price per square foot of $188.

Summary of transaction details:

Kevin Johnson represented the buyer, while Debra Lovelace represented the seller in this transaction, highlighting their roles in facilitating the sale of the property in the Salem market.

Players

Debra Lovelace

Churchill Properties

Broker

$1.1M

vol

1 deal

Broker

Salem 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93