Multifamily Property In Rockland, MA Sold For $1.2M With Buyer's Rep Andrea Aro & Seller's Rep Anne Kennedy
35-37 Salem Street
$1,200,000
$269/SF
Building Size
4,450 SF
Asset Type
MultiFamily
Closing
Sep 18, 2023
AI
A multifamily property located at 35-37 Salem Street in Rockland, Massachusetts, was sold for a total of $1,200,000. The property spans approximately 4,450 square feet, resulting in a price per square foot of $270.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 35-37 Salem Street, Rockland, MA
- Market: Rockland, MA
The transaction to sell this multifamily property was facilitated by Andrea Aro of Benny's Realty Group, representing the buyer, and Anne Kennedy of Coldwell Banker Realty - Newton, representing the seller.
Players
Rockland 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93