Updated Dec 4, 2024
Francesca Little Brokers Sale Of Salem Multifamily For $1.7M
199 Lafayette Street & 201 Lafayette Street
$1,700,000
$138/SF
Building Size
6,140 SF
Asset Type
MultiFamily
Closing
May 28, 2024
About this deal
AI
A multifamily property located at 199-201 Lafayette Street in Salem, MA was sold for $1.7 million. The property spans 6,140 square feet, resulting in a price per square foot of $277.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,700,000
- Address: 199-201 Lafayette Street
- Market: Salem, MA
Francesca Little of Little & Co facilitated the transaction as the broker representing the deal for the multifamily property sale.
The multifamily sale at 199 Lafayette Street in Salem, Massachusetts sold for $1.7M in 2024. The building is 12,280 square feet, implying about 138 per square foot on the published price. Francesca Little, Little & Co appear on the sale alongside Little & Co. This page is the Salem, Massachusetts file for the 199 Lafayette Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Salem sit in the Market section below. Filter that Salem multifamily set by closing date to see what else sold near 199 Lafayette Street around 2024. Published consideration for 199 Lafayette Street is $1.7M, dated 2024. Cite this Francesca Little Brokers Sale Of Salem Multifamily For $1.7M sale when underwriting similar multifamily product around Salem, Massachusetts.
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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
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93