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North Shore Realty Advisors Facilitates $2.275M Sale Of Multifamily Property In Salem, MA
SOLD
$2,275,000
Massachusetts
See Similar DealsMultiFamily12,133 SF
Sold 02/17/2023
SOLD
North Shore Realty Advisors Facilitates $2.275M Sale Of Multifamily Property In Salem, MA
31 Perkins St Salem, MA 01970, USA
See Similar DealsMultiFamily12,133 SF
Sold 02/17/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$187
Total Square Footage:12,133 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$121,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,082.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,784.66
Annual Debt Service$129,415.93
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