Updated Sep 16, 2026
Phillip Blue Purchases 21 Bennett Street Multifamily In Beverly For $1,000,000 With Brokers Dan And Sara Pouladian
21 Bennett Street
$1,000,000
$243/SF
Building Size
4,113 SF
Asset Type
MultiFamily
Closing
Sep 14, 2026
About this deal
AI
The property involved in this transaction is a multifamily asset located at 21 Bennett Street in Beverly, MA. The sale was concluded at a transaction price of $1,000,000 for the 4,113 square feet building, which consists of 3 units. This results in a price per unit of $333,333 and a price per square foot of $243.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Units: 3
- Square Footage: 4,113
- Price per Unit: $333,333
- Price per Square Foot: $243
- Buyer: Phillip Blue
- Seller: Mike Hubbard
- Brokers: Dan Pouladian & Sara Pouladian - Northshore Realty Advisors
Dan Pouladian and Sara Pouladian acted as the brokers representing both the buyer, Phillip Blue, and the seller, Mike Hubbard, in this real estate transaction.
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