Jay Goldberg Purchases 12-Unit Multifamily Property From Anthony K Paone Jr For $3,260,000 In Salem MA

The asset involved in this transaction is a multifamily property located at 14 Lynch Street in Salem, MA. The sale was completed for a price of $3,260,000, featuring 12 units with a price per unit of $271,666. The total square footage of the property is 11,519, leading to a price per square foot of $283. The cap rate for this transaction is recorded at 2.39%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,260,000
• Units: 12
• Price Per Unit: $271,666
• Square Footage: 11,519
• Price Per Square Foot: $283
• Cap Rate: 2.39%
• Buyer: Jay Goldberg
• Seller: Anthony K Paone Jr
• Buyer's Representative: Francesca Little - Little & Co
• Seller's Representative: Brian DApice - The Mega Group

This transaction highlights the involvement of Francesca Little from Little & Co representing the buyer, while Brian DApice from The Mega Group represented the seller in this multifamily property deal.