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255 Jefferson Avenue

Altin Shishko & Dan Bernal Facilitate $1.2M Multifamily Sale In Salem, MA
SOLDMultiFamily

Altin Shishko & Dan Bernal Facilitate $1.2M Multifamily Sale In Salem, MA

255 Jefferson Avenue

$1,200,000

$340/SF

Building Size

3,521 SF

Asset Type

MultiFamily

Closing

Feb 14, 2024

AI

A multifamily property located at 255 Jefferson Avenue in Salem, Massachusetts, was successfully sold for $1.2 million. Spanning 3,521 square feet, the property was transacted at a price per square foot of $341.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Address: 255 Jefferson Avenue
  • Market: Salem, MA
  • Buyer's Representative: Altin Shishko - Coldwell Banker
  • Seller's Representative: Dan Bernal - Atlantic Coast Homes

Altin Shishko from Coldwell Banker acted as the buyer's representative in the transaction, while Dan Bernal, representing Atlantic Coast Homes, facilitated the sale of the multifamily property at 255 Jefferson Avenue in Salem, MA.

Players

Dan Bernal

Atlantic Coast Homes

Broker

$2.2M

vol

2 deals

Broker

Salem 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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93