Updated Dec 19, 2023
North Shore Realty Advisors Facilitates $2.075M Multifamily Sale In Salem, MA
42 Park Street, Salem, Massachusetts 01970, United States
$2,075,000
$230/SF
Building Size
9,012 SF
Asset Type
MultiFamily
Closing
Jun 9, 2022
About this deal
AI
Located at 42 Park St in Salem, MA, this multifamily property was recently sold in a closed transaction. The property features a total of 9 units, with a spacious total square footage of 9,012. The asking price and sale price for this property were both recorded at $2,075,000. This amounts to an average price per unit of $230,556, and a price per square foot of $230.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,075,000
- Units: 9
- Price Per Unit: $230,556
- Square Footage: 9,012
- Price Per Square Foot: $230
- Market: Salem, MA
Dan Pouladian and Sara Pouladian of North Shore Realty Advisors served as the brokers for this transaction. They represented the interested parties and facilitated the successful sale of the property.
Players
Salem MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Sara Pouladian to view all their deals.
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.64%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93