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31 Western Ave Gloucester, ...

Viceroy Capital Management Acquires Multifamily Property In Gloucester, MA For $4.8M
SOLDMultiFamily

Viceroy Capital Management Acquires Multifamily Property In Gloucester, MA For $4.8M

31 Western Ave Gloucester, MA 01930, USA

$4,800,000

$155/SF

Building Size

30,971 SF

Asset Type

MultiFamily

Closing

Apr 24, 2023

AI

A multifamily property located at 31 Western Avenue in Gloucester, MA has been sold for a price of $4,800,000. The property consists of 22 units with a price per unit of $218,182. The total square footage of the property is 30,971, resulting in a price per square foot of $155.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,800,000
  • Units: 22
  • Price Per Unit: $218,182
  • Square Footage: 30,971
  • Price Per Square Foot: $155
  • Address: 31 Western Avenue, Gloucester, MA
  • Market: Gloucester, MA

The buyer in this transaction is Viceroy Capital Management. The deal was facilitated by Brian DApice of The Mega Group.

Players

Brian DApice

The Mega Group

Broker

$50.3M

vol

16 deals

Broker

Boston 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

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93