Updated Oct 28, 2024
Horvath & Tremblay Brokers $1.275M Sale Of Multifamily Property In Salem, MA
41 Salem Street, Salem, Massachusetts 01970, United States
$1,275,000
$239/SF
Building Size
5,320 SF
Asset Type
MultiFamily
Closing
Mar 9, 2022
About this deal
AI
The multifamily property located at 41 Salem St in Salem, MA has been sold for a total price of $1,275,000. The property consists of 6 units, resulting in a price per unit of $212,500. The total square footage of the property is 5,320, making the price per square foot $240. The transaction took place on 03/10/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,275,000
- Units: 6
- Price per Unit: $212,500
- Square Footage: 5,320
- Price per Square Foot: $240
- Address: 41 Salem St, Salem, MA
- Market: Salem, MA
The seller of the property was 41 Salem Place LLC. The broker representing the seller in this transaction was Stephen Girolamo from Horvath & Tremblay.
Salem 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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93