facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

255 Jefferson Ave, Salem, M...

Dan Bernal & Justin Repp Represent Sale Of Multifamily Property In Salem, MA For $1.025M
SOLDMultiFamily

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

Dan Bernal

Atlantic Coast Homes

Broker

$2.2M

vol

2 deals

Broker

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

15.48%

Cash-on-Cash

-4.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93