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143 Main Street

Hickey Homes Team & J Barrett & Company Facilitate Sale Of Multifamily In Essex For $1.1M
SOLDMultiFamily

Hickey Homes Team & J Barrett & Company Facilitate Sale Of Multifamily In Essex For $1.1M

143 Main Street

$1,117,000

$414/SF

Building Size

2,698 SF

Asset Type

MultiFamily

Closing

Feb 15, 2024

AI

143 Main Street in Essex, MA is a multifamily property that was recently sold for $1,117,000. The transaction was facilitated by the Hickey Homes Team of Cameron Prestige - Amesbury, representing the buyer, and Ann Olivo & Christine Moore of J Barrett & Company, representing the seller. The property spans 2,698 square feet with a price per square foot of $414.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,117,000
  • Address: 143 Main Street
  • Market: Essex, MA
  • Buyer's Rep: Hickey Homes Team - Cameron Prestige - Amesbury
  • Seller's Rep: Ann Olivo & Christine Moore - J Barrett & Company
  • SF: 2,698
  • PPSF: $414

The Hickey Homes Team of Cameron Prestige - Amesbury and Ann Olivo & Christine Moore of J Barrett & Company played integral roles in the successful sale of the multifamily property at 143 Main Street. Their expertise and representation were crucial in finalizing the deal between the buyer and seller.

Players

Ann Olivo

J Barrett & Company

Broker

$3.6M

vol

2 deals

Broker

Essex 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

14.20%

Cash-on-Cash

-4.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93