Updated Oct 28, 2024
Seastar Properties LLC Acquires Multifamily Property In Beverly, MA For $1.5M
19 Briscoe Street, Beverly, MA 01915, USA
$1,500,000
$374/SF
Building Size
4,008 SF
Asset Type
MultiFamily
Closing
Sep 10, 2021
About this deal
AI
A multifamily property located at 19 Briscoe Street in Beverly, MA has been sold by Crystal Lake Investments LLC to Seastar Properties LLC. The transaction was facilitated by Dan Pouladian from Northshore Realty Advisors. The property consists of six units with a total area of 4,008 square feet. The sale price for the property was $1,500,000, resulting in a price per unit of $250,000. The price per square foot was calculated at $374. Dan Pouladian represented the seller and successfully procured the buyer.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 19 Briscoe Street, Beverly, MA
- Market: Beverly, MA
- Units: 6
- Price Per Unit: $250,000
- Square Footage: 4,008
- Price Per Square Foot: $374
Dan Pouladian from Northshore Realty Advisors represented Crystal Lake Investments LLC as the seller in the transaction and successfully procured Seastar Properties LLC as the buyer.
Beverly 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93