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Chris Blasczak Acquires Multifamily Property In Danvers, MA For $1.27M

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SOLD
$1,275,000

Massachusetts

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MultiFamily4,575 SF
Sold 01/19/2024
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Property Image
SOLD

Chris Blasczak Acquires Multifamily Property In Danvers, MA For $1.27M

20 Water Street

See Similar Deals
MultiFamily4,575 SF
Sold 01/19/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$278
Total Square Footage:4,575 SF
Transaction Type:Sale

Located at 20 Water Street in Danvers, MA, this multifamily property has been sold in a closed transaction. The property comprises 6 units, with a total square footage of 4,575. The sale price for this property was $1,275,000, resulting in a price per unit of $212,500. The price per square foot was $279.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,275,000
  • Units: 6
  • Price per Unit: $212,500
  • Square Footage: 4,575
  • Price per Square Foot: $279
  • Address: 20 Water Street, Danvers, MA
  • Market: Danvers, MA

Chris Blasczak served as the buyer in this transaction, while Rocco Cobuzzi Tr was the seller. Representing the buyer, Christopher Blasczak played a crucial role. On the other hand, Nicholas Zolotas of Herrick Lutts Realty Partners represented the seller, Rocco Cobuzzi Tr.

Players

Nicholas (Nick) Zolotas
33 deals$93.1M volume(978) 968-0308
BROKER

Christopher Blasczak
Liberty Residential Realty
4 deals$6M volume
BROKER

Details

SOLD
IMAGE: Nicholas Zolotas & Christopher Blasczak DATE: 01/19/2024 ADDRESS: 20 Water Street MARKET: Danvers, MA ASSET TYPE: Multifamily BUYER: Chris Blasczak SELLER: Rocco Cobuzzi Tr BUYER'S REP: Christopher Blasczak (@AgentInvestorPro) SELLER'S REP: Nicholas Zolotas - Herrick Lutts Realty Partners SALE PRICE: $1,275,000 UNITS: 6 ~ PPU: $212,500 SF: 4,575 ~ PPSF: $279

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$67,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,529.81
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,044.15
Annual Debt Service$72,529.81