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
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93