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39 Railroad Avenue

Jay Goldberg Purchases MultiFamily Assets For $9.2M With Broker Stephen Girolamo In Beverly MA
SOLDMultiFamily

Jay Goldberg Purchases MultiFamily Assets For $9.2M With Broker Stephen Girolamo In Beverly MA

39 Railroad Avenue, 5 Pleasant Street, 80 Cabot Street & 84 Cabot Street

$9,200,000

$464/SF

Building Size

19,829 SF

Asset Type

MultiFamily

Closing

Apr 13, 2026

AI

This transaction involves a multi-family asset located at 39 Railroad Avenue, 5 Pleasant Street, 80 Cabot Street, and 84 Cabot Street in Beverly, MA. The property features 33 units, with a total square footage of 19,829 and a price per unit of $278,788. The sale price for the property was $9,200,000, resulting in a price per square foot of $464.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $9,200,000
  • Units: 33
  • Price per Unit: $278,788
  • Square Footage: 19,829
  • Price per Square Foot: $464
  • Buyer: Jay Goldberg
  • Seller: Noah Hano
  • Broker: Stephen Girolamo - Horvath & Tremblay
  • Date of Transaction: 4/14/2026
  • Market: Beverly, MA

Jay Goldberg acted as the buyer in this transaction, while Noah Hano was the seller. The broker representing the transaction was Stephen Girolamo from Horvath & Tremblay, facilitating the sale between the two parties.

Players

Stephen Girolamo

Horvath & Tremblay

Broker

$326.1M

vol

99 deals

Broker
Jay Goldberg

Jay Goldberg

Buyer

$10.2M

vol

2 deals

Buyer

Beverly 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

1.72%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93