Updated Dec 19, 2023
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.
Peabody 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
8.31%
Cash-on-Cash
-2.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93