Julius Sokol Acquires Multifamily Property In Salem, MA For $2.63M

A multifamily property located at 28 Summit Avenue & 277 Lafayette Street in Salem, MA has been sold for a total price of $2,625,000. The property consists of 8 units, offering an average price per unit of $328,125. The total square footage of the property is 9,818, resulting in a price per square foot of $267.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,625,000
• Units: 8
• Price Per Unit: $328,125
• Square Footage: 9,818
• Price Per Square Foot: $267

The buyer of the property is Julius Sokol, while the seller is Alex Steinbergh. The transaction was facilitated by broker Steve Girolamo from Horvath & Tremblay.