facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

100 Prospect Street, Glouce...

Updated Dec 20, 2023

Horvath & Tremblay Brokers $1.125M Sale Of 9-Unit Multifamily In Gloucester, MA
SOLDMultiFamily

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.

Players

Stephen Girolamo

Horvath & Tremblay

Broker

$334.5M

vol

100 deals

Broker

Gloucester MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $299 per square foot on a published $1.1M for 3,752 square feet (2021).

Visit Stephen Girolamo to view all their deals.

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

More Deals

Nearby Markets