Robert O'Hanley Purchases Multifamily Asset From Alex Steinberg In Beverly For $4M

The asset involved in this transaction is a multifamily property located at 40 Stone Street, Beverly, MA. The sale price was $4,000,000, encompassing 12 units within a total square footage of 6,772, which results in a price per unit of $333,333 and a price per square foot of $590.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,000,000
• Units: 12
• Square Footage: 6,772
• Price Per Unit: $333,333
• Price Per Square Foot: $590
• Buyer: Robert O'Hanley
• Seller: Alex Steinberg
• Buyer's Representative: Mark Ventimiglia - Vadala Real Estate
• Seller's Representative: Stephen Girolamo - Horvath & Tremblay

This transaction highlights the roles of the key stakeholders involved: the buyer Robert O'Hanley acquired the property from seller Alex Steinberg, with representation by Mark Ventimiglia of Vadala Real Estate for the buyer and Stephen Girolamo of Horvath & Tremblay representing the seller.