Updated Jun 9, 2025
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
About this deal
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.
On the Map
$935,000
$311/SF
MultiFamily
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Players
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