Updated Dec 4, 2024
Chris Blasczak Acquires Multifamily Property In Danvers, MA For $1.27M
20 Water Street
$1,275,000
$278/SF
Building Size
4,575 SF
Asset Type
MultiFamily
Closing
Jan 19, 2024
About this deal
AI
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
Danvers 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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93