Updated Oct 29, 2024
Spire Investments Acquires Multifamily Property In Gloucester, MA For $1.65M
1 Webster Street, Gloucester, Massachusetts 01930, United States
$1,650,000
Units
9
Asset Type
MultiFamily
Closing
Sep 12, 2022
About this deal
AI
The multifamily property located at 1 Webster Street in Gloucester, MA has been sold for a price of $1,650,000. The property consists of 9 units, resulting in a per unit price of $183,333.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Address: 1 Webster Street, Gloucester, MA
- Market: Gloucester, MA
- Buyer: Spire Investments - Jay Goldberg
Spire Investments, represented by Jay Goldberg, has acquired the property at 1 Webster Street. The transaction marks a significant investment opportunity in the multifamily sector in Gloucester, MA.
On the Map
$1,650,000
MultiFamily
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Gloucester MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93