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145 Sylvan Street

Herrick Lutts Realty Partners Brokers $1.4M Sale Of 5-Unit Multifamily In Danvers, MA
SOLDMultiFamily

Herrick Lutts Realty Partners Brokers $1.4M Sale Of 5-Unit Multifamily In Danvers, MA

145 Sylvan Street

$1,400,000

$306/SF

Building Size

4,575 SF

Asset Type

MultiFamily

Closing

Nov 30, 2023

AI

The multifamily property located at 145 Sylvan Street in Danvers, MA has been sold in a recent transaction. The property consists of 5 units, with a total square footage of 4,575. The sale price for this transaction was $1,400,000, resulting in a price per unit of $280,000. The price per square foot for the property is $306.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,400,000
  • Units: 5
  • Price per Unit: $280,000
  • Square Footage: 4,575
  • Price per Square Foot: $306
  • Address: 145 Sylvan Street, Danvers, MA
  • Market: Danvers, MA

The sale of this multifamily property was facilitated by Nicholas Zolotas and Jason Gryzbek from Herrick Lutts Realty Partners. They served as the brokers representing the buyer and seller in this transaction.

Players

Nicholas Zolotas

Herrick Lutts Realty Partners

Broker

$93.1M

vol

33 deals

Broker

Danvers 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

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93