Updated Dec 20, 2023
Horvath & Tremblay Brokers $1.125M Sale Of 9-Unit Multifamily In Gloucester, MA
100 Prospect Street, Gloucester, MA, USA
$1,125,000
$299/SF
Building Size
3,752 SF
Asset Type
MultiFamily
Closing
Mar 4, 2021
About this deal
AI
The multifamily property located at 100 Prospect Street in Gloucester, MA has been sold in a recent transaction. The sale, facilitated by broker Stephen Girolamo of Horvath & Tremblay, took place on March 5, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $1,125,000
- Square Footage: 3,752
- Price per Square Foot: $300
- Number of Units: 9
- Price per Unit: $125,000
- Address: 100 Prospect Street, Gloucester, MA
- Market: Gloucester, MA
This sale highlights the successful transaction of a multifamily property in Gloucester, MA. The property spans across 3,752 square feet and consists of 9 units. With a sale price of $1,125,000, the price per square foot amounts to $300. Stephen Girolamo, representing Horvath & Tremblay, played a significant role in facilitating this deal.
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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93