facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

257 Merrimac St, Newburypor...

Kevin Lawless & Alissa Christie Facilitate $1.1M Sale Of Multifamily Property In Newburyport, MA
SOLDMultiFamily

Kevin Lawless & Alissa Christie Facilitate $1.1M Sale Of Multifamily Property In Newburyport, MA

257 Merrimac St, Newburyport, Massachusetts, USA

$1,116,000

$416/SF

Building Size

2,680 SF

Asset Type

MultiFamily

Closing

May 13, 2021

AI

Located in Newburyport, MA, the multifamily property at 257 Merrimac St recently changed hands in a sale transaction. The sale was finalized on 05/14/2021, with Kevin Lawless of Stone Ridge Properties, Inc. representing the seller, and Alissa Christie of Bentley's Real Estate acting as the buyer's representative.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $1,116,000
  • Square Footage: 2,680
  • Price per Square Foot: $416

Kevin Lawless from Stone Ridge Properties, Inc. and Alissa Christie from Bentley's Real Estate played key roles in facilitating this property transaction. They provided their expertise and represented their respective clients throughout the process, ensuring a successful and smooth transaction.

Players

Alissa Christie

Broker

$1.1M

vol

1 deal

Broker

Newburyport 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

14.21%

Cash-on-Cash

-4.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93