Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,400,000
$306/SF
MultiFamily
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Players
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