facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

182-184 Merrimac Street, Ne...

Updated Dec 21, 2023

Realty One Group Nest Represents Buyer In $1.7M Multifamily Property Sale In Newburyport, MA
SOLDMultiFamily

Realty One Group Nest Represents Buyer In $1.7M Multifamily Property Sale In Newburyport, MA

182-184 Merrimac Street, Newburyport, Massachusetts 01950, United States

$1,700,000

$331/SF

Building Size

5,130 SF

Asset Type

MultiFamily

Closing

Feb 7, 2022

About this deal

AI

The multifamily property located at 182-184 Merrimac St in Newburyport, MA has been sold for $1,700,000. The transaction took place on 02/08/2022. The property spans 5,130 square feet, resulting in a price per square foot of $331. The buyer was represented by Ronni Wexler from Realty One Group Nest, while the seller was represented by Bradford McCue from Berkshire Hathaway HomeServices Verani Realty.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,700,000
  • Date: 02/08/2022
  • Address: 182-184 Merrimac St, Newburyport, MA
  • Market: Newburyport, MA
  • Square Footage: 5,130
  • Price per Square Foot: $331
  • Buyer's Representative: Ronni Wexler - Realty One Group Nest
  • Seller's Representative: Bradford McCue - Berkshire Hathaway HomeServices Verani Realty

Ronni Wexler from Realty One Group Nest represented the buyer in this transaction, providing expert guidance and support. On the other hand, Bradford McCue from Berkshire Hathaway HomeServices Verani Realty represented the seller throughout the sale process.

Players

Ronni Wexler

Broker

$1.7M

vol

1 deal

Broker

Newburyport MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $331 per square foot on a published $1.7M for 5,130 square feet (2022).

Visit Berkshire Hathaway HomeServices to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets