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35-37 Salem Street

Multifamily Property In Rockland, MA Sold For $1.2M With Buyer's Rep Andrea Aro & Seller's Rep Anne Kennedy
SOLDMultiFamily

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

Anne Kennedy

Coldwell Banker

Broker

$4.2M

vol

3 deals

Broker

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