David Xiao Purchases 122 Bridge Street Multifamily From Richard Audete For $1.25M

This transaction involves a multifamily property located at 122 Bridge Street in Beverly, MA, which consists of 6 units. The sale price for this asset was $1,250,000, with a price per unit of $208,333. The property encompasses a total square footage of 5,691 and has a price per square foot of $219.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,250,000
• Buyer: David Xiao
• Seller: Richard Audete
• Brokers: Dan Pouladian & Sara Pouladian - Northshore Realty Advisors
• Units: 6
• Square Footage: 5,691
• Price Per Unit: $208,333
• Price Per Square Foot: $219
• Date of Transaction: 04/28/2025
• Market: Beverly, MA

Dan and Sara Pouladian of North Shore Realty Advisors represented the seller in this deal and successfully completed the final transaction within a 7-property portfolio. They expressed gratitude to their client and wished them well in retirement, acknowledging the trust placed in their team throughout the process.