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23 Prince Street

Dennis Kelleher, Stephen Girolamo & John Pentore Of Horvath & Tremblay Sell Danvers Multifamily For $10M
SOLDMultiFamily

Dennis Kelleher, Stephen Girolamo & John Pentore Of Horvath & Tremblay Sell Danvers Multifamily For $10M

23 Prince Street

$10,000,000

$239/SF

Building Size

41,680 SF

Asset Type

MultiFamily

Closing

Sep 17, 2025

AI

The property asset involved in the transaction is a multifamily building located at 23 Prince Street in Danvers, MA. It was sold for $10,000,000, encompassing 22 units within a total square footage of 41,680, resulting in a price per unit of $454,545 and a price per square foot of $239.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $10,000,000
  • Units: 22
  • Square Footage: 41,680
  • Price Per Unit: $454,545
  • Price Per Square Foot: $239
  • Date of Transaction: 9/18/2025
  • Address: 23 Prince Street, Danvers, MA
  • Broker Representatives: Dennis Kelleher, Stephen Girolamo & John Pentore - Horvath & Tremblay

The transaction was represented by brokers Dennis Kelleher, Stephen Girolamo, and John Pentore from Horvath & Tremblay, who facilitated the dealings for this multifamily property in the Danvers market. Their expertise contributed to the successful closing of this sale.

Players

Dennis Kelleher

Horvath & Tremblay

Broker

$561.5M

vol

96 deals

Broker
Horvath & Tremblay
Horvath & TremblayBrokerage

Danvers MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.59%

Cash-on-Cash

-0.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93