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17-19 Bowditch St, Peabody,...

Updated Dec 19, 2023

Steve Girolamo Of Horvath & Tremblay Brokers $1.91M Multifamily Sale In Peabody, MA
SOLDMultiFamily

Steve Girolamo Of Horvath & Tremblay Brokers $1.91M Multifamily Sale In Peabody, MA

17-19 Bowditch St, Peabody, Massachusetts, USA

$1,910,000

$295/SF

Building Size

6,474 SF

Asset Type

MultiFamily

Closing

Jul 2, 2020

About this deal

AI

Located in Peabody, MA, the multifamily property at 17-19 & 21 Bowditch St has recently been sold for a total price of $1,910,000. The transaction, which took place on 07/02/2021, was facilitated by Steve Girolamo from the brokerage firm Horvath & Tremblay. This property encompasses a total of 6,474 square feet and consists of 9 units. With a price per square foot of $295, each unit was sold at an average price of $212,222.

Summary of Transation Details

  • Property Type: Multifamily
  • Transaction Amount: $1,910,000
  • Address: 17-19 & 21 Bowditch St, Peabody, MA
  • Date: 07/02/2021
  • Broker: Steve Girolamo - Horvath & Tremblay
  • Total Square Feet: 6,474
  • Price per Square Foot: $295
  • Total Units: 9
  • Price per Unit: $212,222

This successful transaction showcases the expertise of Steve Girolamo from Horvath & Tremblay, who represented the parties involved in the deal. The sale of this multifamily property at 17-19 & 21 Bowditch St highlights the strong demand for investment opportunities in Peabody, MA.

Players

Stephen Girolamo

Horvath & Tremblay

Broker

$334.5M

vol

100 deals

Broker

Peabody MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $295 per square foot on a published $1.9M for 6,474 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.31%

Cash-on-Cash

-2.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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