John Bertolon Acquires Multifamily Properties In Salem For $6.8 Million With Brokers Zolotas Herrick

The transaction involves a multifamily asset consisting of five properties located at 17 Beckford Street, 21 Beckford Street, 17 Briggs Street, 45 Federal Street, and 37 Union Street in Salem, MA. The sale price for the properties was $6,800,000, encompassing a total of 20 units. The total square footage of the asset is 3,656, which translates to a price per unit of $340,000 and a price per square foot of $1,859.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $6,800,000
• Number of Units: 20
• Square Footage: 3,656
• Price per Unit: $340,000
• Price per Square Foot: $1,859
• Buyer: John Bertolon
• Brokers: Nicholas Zolotas & Paul Herrick - Herrick Lutts Realty Partners

The negotiation and closing of this multifamily transaction were facilitated by the brokerage team of Nicholas Zolotas and Paul Herrick, representing the interests of the buyer, John Bertolon. The successful completion of this deal highlights the efforts of the brokers within the local market dynamics of Salem, MA.