facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

25 Bow Street

Updated Dec 4, 2024

Michael Tack Acquires 6-Unit Multifamily Property In Beverly, MA For $1.62M
SOLDMultiFamily

Michael Tack Acquires 6-Unit Multifamily Property In Beverly, MA For $1.62M

25 Bow Street

$1,622,500

$299/SF

Building Size

5,422 SF

Asset Type

MultiFamily

Closing

Nov 15, 2023

About this deal

AI

Located at 25 Bow Street in Beverly, MA, this multifamily property recently changed hands in a sale transaction. The property consists of 6 units spread across a total of 5,422 square feet. The sale price for this transaction was $1,622,500, resulting in a per unit price of $270,417. The price per square foot was calculated at $299. The transaction took place on November 15, 2023.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,622,500
  • Address: 25 Bow Street, Beverly, MA
  • Market: Beverly, MA

The buyer in this transaction was Michael Tack, while the seller was Nancy Doyle. Representing the seller in this deal were Dan Pouladian and Sara Pouladian from Northshore Realty Advisors. They successfully facilitated the transaction amidst a multi-offer process. Congratulations to all parties involved, and thank you to everyone who participated in this transaction.

Players

Dan Pouladian

Northshore Realty Advisors

Broker

$310.7M

vol

69 deals

Broker

Beverly MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $299 per square foot on a published $1.6M for 5,422 square feet (2023).

Visit Sara Pouladian to view all their deals.

Browse Beverly multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.78%

Cash-on-Cash

-2.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets