Updated Dec 20, 2023
Stephen Girolamo's Horvath & Tremblay Sells Multifamily Property At 25 Atlantic Ave, Beverly, MA For $1.4M
25 Atlantic Avenue, Beverly, Massachusetts 01915, United States
$1,400,000
$315/SF
Building Size
4,435 SF
Asset Type
MultiFamily
Closing
Jan 12, 2022
About this deal
AI
A multifamily property located at 25 Atlantic Ave in Beverly, MA, has been sold for a total price of $1,400,000. The property consists of four units, with an average price per unit of $350,000. The total square footage of the property is 4,435, resulting in a price per square foot of $316.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 25 Atlantic Ave, Beverly, MA
- Market: Beverly, MA
- Units: 4
- Price per Unit: $350,000
- Square Footage: 4,435
- Price per Square Foot: $316
The sale of this multifamily property was facilitated by Stephen Girolamo from Horvath & Tremblay. He represented the buyer and seller in this transaction.
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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93