Updated Dec 21, 2023
Stephen Girolamo Of Horvath & Tremblay Sells Multifamily Property At 12 Grant St, Beverly, MA For $1.35M
12 Grant Street, Beverly, Massachusetts 01915, United States
$1,350,000
$297/SF
Building Size
4,534 SF
Asset Type
MultiFamily
Closing
Jun 7, 2022
About this deal
AI
A multifamily property located at 12 Grant St in Beverly, MA has been sold for a price of $1,350,000. The sale was facilitated by broker Stephen Girolamo from Horvath & Tremblay. The property consists of 4 units, with each unit having an approximate price per unit (PPU) of $337,500. The total square footage of the property is 4,534, resulting in a price per square foot (PPSF) of $298.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 12 Grant St, Beverly, MA
- Market: Beverly, MA
- Broker: Stephen Girolamo - Horvath & Tremblay
- Units: 4
- PPU: $337,500
- SF: 4,534
- PPSF: $298
Stephen Girolamo, representing Horvath & Tremblay, played a key role in facilitating the sale of this multifamily property. The transaction took place on June 8, 2022, and involved a property located in Beverly, MA.
Beverly 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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93