Updated Dec 20, 2023
Beatrice Realty Group & Thomas Frost Broker Multifamily Property Sale For $1M In Beverly, MA
20 Bennett Street, Beverly, Massachusetts, USA
$1,000,000
$257/SF
Building Size
3,880 SF
Asset Type
MultiFamily
Closing
Feb 25, 2021
About this deal
AI
A multifamily property located at 20 Bennett Street in Beverly, MA was recently sold for a total price of $1,000,000. The property spans across 3,880 square feet, resulting in a price per square foot of $258. The sale took place on February 26, 2021, and the transaction was facilitated by Beatrice Realty Group and Thomas Frost of EXIT Realty Beatrice Associates.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 20 Bennett Street
- Market: Beverly, MA
Thomas Frost represented EXIT Realty Beatrice Associates, while Beatrice Realty Group played a role in the deal as well. The collaboration between these brokerages ensured the successful completion of the transaction. The sale of this multifamily property marks a significant milestone in the real estate market of Beverly, MA.
Players
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93