Julius Sokol Buys Multifamily Property In Salem For $3.5M

The multifamily property located at 15 Essex Street in Salem, MA, was sold in an off-market transaction for $3,500,000. The property consists of 14 units with a price per unit of $250,000. The total square footage is 18,000, resulting in a price per square foot of $194.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,500,000
• Units: 14
• Price Per Unit: $250,000
• Square Footage: 18,000
• Price Per Square Foot: $194
• Address: 15 Essex Street
• Market: Salem, MA

Dan Pouladian and Sara Pouladian of North Shore Realty Advisors represented the buyer, Julius Sokol, in this transaction. The seller, Michael Hill, was represented by Matt Sears of Armstrong Field Realty. The sale included the property at 15 Essex Street and 1-3 Gerrish Place within the Salem Commons District. Congratulations to all parties involved in the successful closing of this deal.