Herrick Lutts Realty Partners Sells Multifamily Property In Salem For $850K

The property asset involved in this transaction is a multifamily building located at 101 Ocean Ave in Salem, MA. The sale price for this asset was $850,000, comprising a total of 4 units. The building features a square footage of 4,394, resulting in a price per unit of $212,500 and a price per square foot of $193.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $850,000
• Units: 4
• Square Footage: 4,394
• Price Per Unit: $212,500
• Price Per Square Foot: $193

The brokers representing this transaction are Nicholas Zolotas and Jason Grzybek from Herrick Lutts Realty Partners. They facilitated the sale process, ensuring the transaction reached a successful conclusion.