Jay Goldberg's Spire Investments Acquires Multifamily Property In Salem, MA For $6.1M
248 Washington St, Salem, Massachusetts, USA
$6,100,000
$741/SF
Building Size
8,227 SF
Asset Type
MultiFamily
Closing
May 13, 2021
AI
The multifamily property located at 248 & 296-300 Washington St. in Salem, MA has been sold for a total price of $6,100,000. The transaction took place on May 14, 2021. The property consists of 35 units, and the buyer of the property is Jay Goldberg of Spire Investments. The sale was facilitated by brokers Bill Little and Francesca Little.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,100,000
- Units: 35
- Buyer: Jay Goldberg - Spire Investments
- Brokers: Bill Little & Francesca Little
Jay Goldberg of Spire Investments acted as the buyer in this transaction. The brokers involved in the deal were Bill Little and Francesca Little.
Players
Salem 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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93