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Francesca Little Brokers Sale Of Salem Multifamily For $1.7M
SOLD
$1,700,000
Massachusetts
See Similar DealsMultiFamily12,280 SF
Sold 05/28/2024
SOLD
Francesca Little Brokers Sale Of Salem Multifamily For $1.7M
199 Lafayette Street & 201 Lafayette Street
See Similar DealsMultiFamily12,280 SF
Sold 05/28/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$138
Total Square Footage:12,280 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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