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
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