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264 North End Boulevard, Sa...

Mark Beliveau Of Merrimack Realty Group Acquires Multifamily Property In Salisbury, MA For $1.19M
SOLDMultiFamily

Mark Beliveau Of Merrimack Realty Group Acquires Multifamily Property In Salisbury, MA For $1.19M

264 North End Boulevard, Salisbury, MA 01952

$1,190,000

$317/SF

Building Size

3,746 SF

Asset Type

MultiFamily

Closing

May 28, 2020

AI

The multifamily property located at 264 N End Blvd in Salisbury, MA has been sold for a price of $1,190,000. The property spans across 3,746 square feet, resulting in a price per square foot of $318. The transaction took place on 05/28/2021.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,190,000
  • Address: 264 N End Blvd, Salisbury, MA
  • Market: Salisbury, MA
  • Seller's Rep: Mark Sullivan - T.A. Sullivan Agency Inc.
  • Buyer's Rep: Mark Beliveau - Merrimack Realty Group
  • SF: 3,746
  • PPSF: $318

Mark Beliveau represented the buyer, Merrimack Realty Group, while Mark Sullivan represented the seller under the agency T.A. Sullivan Agency Inc.

Players

Mark Sullivan

Broker

$2.6M

vol

4 deals

Broker

Salisbury 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

13.33%

Cash-on-Cash

-3.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93