SOLDMultiFamily
Francesca Little Of Little & Co Brokers $2M Sale Of MultiFamily At 286 Washington Street Salem
286 Washington Street
$2,000,000
$426/SF
Building Size
4,695 SF
Asset Type
MultiFamily
Closing
Dec 6, 2024
AI
The multi-family property located at 286 Washington Street in Salem, MA has been sold for $2 million. The asset encompasses a total area of 4,695 square feet, resulting in a price per square foot of $426.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,000,000
- Square Footage: 4,695 SF
- Price per Square Foot: $426
- Address: 286 Washington Street
- Market: Salem, MA
- Broker: Francesca Little - Little & Co
The transaction was brokered by Francesca Little representing the interests of the seller through her agency, Little & Co.
Players
Salem 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93