Updated Dec 4, 2024
Shoshanah Collins Represents Buyer In $1.46M Sale Of Gloucester Multifamily
40 Middle Street & 42 Middle Street
$1,465,000
$108/SF
Building Size
6,731 SF
Asset Type
MultiFamily
Closing
Feb 2, 2024
About this deal
AI
A multifamily property located at 40-42 Middle Street in Gloucester, MA, was sold for $1,465,000. The property spans 6,731 square feet, resulting in a price per square foot of $218.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,465,000
- Address: 40-42 Middle Street
- Market: Gloucester, MA
Shoshanah Collins from Boston Metropolitan Realty represented the buyer in this transaction, while Salvatore Dimercurio from Keller Williams acted as the seller's representative.
The multifamily sale at 40 Middle Street in Gloucester, Massachusetts sold for $1.5M in 2024. The building is 13,462 square feet, implying about 108 per square foot on the published price. Salvatore Dimercurio, Shoshanah Collins, Keller Williams Realty, Boston Metropolitan Realty appear on the sale alongside Keller Williams Realty, Boston Metropolitan Realty. This page is the Gloucester, Massachusetts file for the 40 Middle Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Gloucester sit in the Market section below. Filter that Gloucester multifamily set by closing date to see what else sold near 40 Middle Street around 2024. Published consideration for 40 Middle Street is $1.5M, dated 2024. Cite this Shoshanah Collins Represents Buyer In $1.46M Sale Of Gloucester Multifamily sale when underwriting similar multifamily product around Gloucester, Massachusetts.
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Gloucester 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
10.83%
Cash-on-Cash
-3.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93