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41 Bridge Street

41 Bridge Street Multifamily Sold For $935,000 With Seller's Reps Nicholas Zolotas & Paul Herrick
SOLDMultiFamily

41 Bridge Street Multifamily Sold For $935,000 With Seller's Reps Nicholas Zolotas & Paul Herrick

41 Bridge Street

$935,000

$311/SF

Building Size

3,004 SF

Asset Type

MultiFamily

Closing

Jun 3, 2025

AI

The asset involved in this transaction is a multifamily property located at 41 Bridge Street in Beverly, MA. The sale price for the property was $935,000, encompassing a total of 3,004 square feet. The property consists of 4 units, with a price per unit of $233,750 and a price per square foot of $311.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $935,000
  • Units: 4
  • Square Footage: 3,004
  • Price Per Unit: $233,750
  • Price Per Square Foot: $311
  • Market: Beverly, MA
  • Seller's Representative: Nicholas Zolotas & Paul Herrick - Herrick Lutts Realty Partners

In this transaction, Nicholas Zolotas and Paul Herrick represented the seller, engaging through Herrick Lutts Realty Partners. Their involvement highlights the professional brokerage support provided during the sale process in the multifamily asset market.

Players

Nicholas Zolotas

Herrick Lutts Realty Partners

Broker

$102.9M

vol

35 deals

Broker

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

16.97%

Cash-on-Cash

-4.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93