SOLDMultiFamily
Francesca Little Brokers Sale Of Salem Multifamily For $1.7M
199 Lafayette Street & 201 Lafayette Street
$1,700,000
$138/SF
Building Size
12,280 SF
Asset Type
MultiFamily
Closing
May 28, 2024
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.
Players
Salem MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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