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

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SOLD
$4,000,000

Massachusetts

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MultiFamily6,772 SF
Sold 01/08/2026
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Property Image
SOLD

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

40 Stone Street

See Similar Deals
MultiFamily6,772 SF
Sold 01/08/2026
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$590
Total Square Footage:6,772 SF
Transaction Type:Sale

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.

Players

Stephen Girolamo
98 deals$324.9M volume(781) 776-4014
BROKER


Horvath & Tremblay
BROKERAGE


Alex Steinberg
1 deal$6.2M volume
SELLER

Details

SOLD
IMAGE: Stephen Girolamo & Mark Ventimiglia DATE: 1/8/2026 ADDRESS: 40 Stone Street MARKET: Beverly, MA ASSET TYPE: Multifamily BUYER: Robert O'Hanley SELLER: Alex Steinberg BUYER'S REP: Mark Ventimiglia - Vadala Real Estate SELLER'S REP: Stephen Girolamo (@Steveo3215) - Horvath & Tremblay SALE PRICE: $4,000,000 UNITS: 12 ~ PPU: $333,333 SF: 6,772 ~ PPSF: $590

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$213,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49