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
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