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20 Water Street

Updated Dec 4, 2024

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

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

Nicholas Zolotas

Herrick Lutts Realty Partners

Broker

$102.9M

vol

35 deals

Broker

Danvers MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $278 per square foot on a published $1.3M for 4,575 square feet (2024).

Visit Christopher Blasczak to view all their deals.

Browse Danvers multifamily sales on Traded.

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

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