Updated Sep 5, 2024
Gloucester Multifamily Sold For $1.15M With Mary Matthews & Jarvid Cortes
16 Fort Square, Gloucester, Massachusetts, USA
$1,150,000
$411/SF
Building Size
2,794 SF
Asset Type
MultiFamily
Closing
Feb 3, 2021
About this deal
AI
A multifamily property located at 16 Fort Square in Gloucester, MA was recently sold for $1,150,000. The property spans 2,794 square feet and has a price per square foot of $412.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Date: 02/04/2021
- Address: 16 Fort Square
- Market: Gloucester, MA
Mary Matthews from Coldwell Banker Realty - Gloucester represented the seller in this transaction. Jarvid Cortes from Keller Williams Realty acted as the buyer's representative.
The multifamily sale at 16 Fort Square, Gloucester, Massachusetts, USA in Gloucester, Massachusetts sold for $1.2M in 2021. The building is 2,794 square feet, implying about 411 per square foot on the published price. Mary Matthews, Jarvid Cortes, Coldwell Banker, Keller Williams Realty appear on the sale alongside Coldwell Banker, Keller Williams Realty. This page is the Gloucester, Massachusetts file for the 16 Fort Square, Gloucester, Massachusetts, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Gloucester sit in the Market section below. Filter that Gloucester multifamily set by closing date to see what else sold near 16 Fort Square, Gloucester, Massachusetts, USA around 2021. Published consideration for 16 Fort Square, Gloucester, Massachusetts, USA is $1.2M, dated 2021. Cite this Gloucester Multifamily Sold For $1.15M With Mary Matthews & Jarvid Cortes sale when underwriting similar multifamily product around Gloucester, Massachusetts.
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Gloucester MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93