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

/

19 Briscoe Street, Beverly,...

Updated Oct 28, 2024

Seastar Properties LLC Acquires Multifamily Property In Beverly, MA For $1.5M
SOLDMultiFamily

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.

Players

Dan Pouladian

Northshore Realty Advisors

Broker

$310.7M

vol

69 deals

Broker

Beverly MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $374 per square foot on a published $1.5M for 4,008 square feet (2021).

Visit Dan Pouladian to view all their deals.

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

More Deals

Nearby Markets