Updated Dec 21, 2023
Stone Ridge Properties Sells Multifamily Property On Merrimac St In Newburyport For $1.1M
233-237 Merrimac St, Newburyport, Massachusetts, USA
$1,100,000
$197/SF
Building Size
5,560 SF
Asset Type
MultiFamily
Closing
Oct 8, 2021
About this deal
AI
The multifamily property located at 233-237 Merrimac St in Newburyport, MA has been sold for a price of $1,100,000. The property spans over 5,560 square feet, resulting in a price per square foot of $198.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 233-237 Merrimac St, Newburyport, MA
- Market: Newburyport, MA
The sale was facilitated by broker Lynne Hendricks from Stone Ridge Properties, Inc.
The multifamily sale at 233-237 Merrimac St, Newburyport, Massachusetts, USA in Newburyport, Massachusetts sold for $1.1M in 2021. The building is 5,560 square feet, implying about 197 per square foot on the published price. Named participants on the 233-237 Merrimac St, Newburyport, Massachusetts, USA sale are Lynne Hendricks. This page is the Newburyport, Massachusetts file for the 233-237 Merrimac St, Newburyport, Massachusetts, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Newburyport sit in the Market section below. Filter that Newburyport multifamily set by closing date to see what else sold near 233-237 Merrimac St, Newburyport, Massachusetts, USA around 2021. Published consideration for 233-237 Merrimac St, Newburyport, Massachusetts, USA is $1.1M, dated 2021. Cite this Stone Ridge Properties Sells Multifamily Property On Merrimac St In Newburyport For $1.1M sale when underwriting similar multifamily product around Newburyport, Massachusetts.
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Newburyport MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93