Updated Dec 19, 2023
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
About this deal
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.
On the Map
$1,116,000
$416/SF
MultiFamily
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Newburyport 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
14.21%
Cash-on-Cash
-4.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93