Dan Bernal & Justin Repp Represent Sale Of Multifamily Property In Salem, MA For $1.025M
255 Jefferson Ave, Salem, MA, USA
$1,025,000
$291/SF
Building Size
3,521 SF
Asset Type
MultiFamily
Closing
Oct 27, 2021
AI
The multifamily property located at 255 Jefferson Ave in Salem, MA has been sold. The transaction took place on October 27, 2021, for a sale price of $1,025,000. The property spans across 3,521 square feet, resulting in a price per square foot of $291.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,025,000
- Square Footage: 3,521
- Address: 255 Jefferson Ave, Salem, MA
- Market: Salem, MA
Dan Bernal from J. Barrett & Company represented the buyer in the transaction, while Justin Repp from Keller Williams Realty Evolution represented the seller.
Players
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
15.48%
Cash-on-Cash
-4.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93