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28 School Street

John Bertolon Acquires Multifamily Property At 28 School Street Rockport For $1.335M
SOLDMultiFamily

John Bertolon Acquires Multifamily Property At 28 School Street Rockport For $1.335M

28 School Street

$1,335,000

$522/SF

Building Size

2,555 SF

Asset Type

MultiFamily

Closing

Nov 12, 2025

AI

The property asset involved in this transaction is a multifamily building located at 28 School Street, Rockport, MA. The sale price of the property was $1,335,000, and it encompasses a total square footage of 2,555, leading to a price per square foot of $522.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,335,000
  • Address: 28 School Street
  • Market: Rockport, MA
  • Square Footage: 2,555
  • Price per Square Foot: $522
  • Buyer: John Bertolon
  • Broker: Nicholas Zolotas - Herrick Lutts Realty Partners

Nicholas Zolotas represented the buyer, John Bertolon, in this transaction, showcasing the brokerage's involvement in facilitating the sale of the multifamily asset.

Players

Nicholas Zolotas

Herrick Lutts Realty Partners

Broker

$93.1M

vol

33 deals

Broker
Herrick Lutts Realty Partners
Herrick Lutts Realty PartnersBrokerage

Rockport 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

11.88%

Cash-on-Cash

-3.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93