Updated Dec 20, 2023
Grace Fidler Of Coldwell Banker Realty - Marblehead Acquires Multifamily Property In Salem, MA For $1.45M
17 Turner Street, Salem, MA 01970, USA
$1,450,000
$362/SF
Building Size
4,002 SF
Asset Type
MultiFamily
Closing
Apr 20, 2021
About this deal
AI
Located at 17 Turner Street in Salem, MA, this multifamily property was recently sold for a total of $1,450,000. The property spans over 4,002 square feet, resulting in a price per square foot of $362. The transaction took place on April 21, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,450,000
- Address: 17 Turner Street, Salem, MA
- Market: Salem, MA
Nicholas Zolotas from Herrick Lutts Realty Partners represented the seller in this transaction, while Grace Fidler from Coldwell Banker Realty - Marblehead acted as the buyer's representative.
Salem 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93