Updated Dec 21, 2023
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
Newburyport 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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93