Updated Sep 5, 2024
North Shore Realty Advisors Facilitates $2.275M Sale Of Multifamily Property In Salem, MA
31 Perkins St Salem, MA 01970, USA
$2,275,000
$187/SF
Building Size
12,133 SF
Asset Type
MultiFamily
Closing
Feb 17, 2023
About this deal
AI
A multifamily property located at 31 Perkins Street in Salem, MA has been sold for a price of $2,275,000. The property has a total square footage of 12,133, resulting in a price per square foot of $188.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $2,275,000
- Address: 31 Perkins Street
- Market: Salem, MA
- BROKERS: Dan Pouladian & Sara Pouladian - North Shore Realty Advisors
- SF: 12,133
- PPSF: $188
The deal was facilitated by Dan Pouladian and Sara Pouladian of North Shore Realty Advisors, who represented the respective parties involved in the transaction.
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
6.97%
Cash-on-Cash
-1.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93