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Altin Shishko & Dan Bernal Facilitate $1.2M Multifamily Sale In Salem, MA
SOLD
Massachusetts
See Similar DealsMultiFamily3,521 SF
Sold 02/14/2024
SOLD
Altin Shishko & Dan Bernal Facilitate $1.2M Multifamily Sale In Salem, MA
255 Jefferson Avenue
See Similar DealsMultiFamily3,521 SF
Sold 02/14/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$340
Total Square Footage:3,521 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$64,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35
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