Updated Dec 4, 2024
Dominic Pezzulo Acquires 4-Unit Multifamily Property In Salem, MA For $800K
44 Forrester Street
$800,000
$179/SF
Building Size
4,463 SF
Asset Type
MultiFamily
Closing
Oct 5, 2023
About this deal
AI
A multifamily property located at 44 Forrester Street in Salem, MA has been sold for a price of $800,000. The property consists of 4 units with an average price per unit of $200,000. The total square footage of the property is 4,463, resulting in a price per square foot of $179.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $800,000
- Units: 4
- Price per Unit: $200,000
- Square Footage: 4,463
- Price per Square Foot: $179
- Address: 44 Forrester Street, Salem, MA
- Market: Salem, MA
The buyer of the property is Dominic Pezzulo, while the seller is Ruth Foster. The brokers involved in the deal are Nicholas Zolotas from Herrick Lutts Realty Partners.
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
19.83%
Cash-on-Cash
-5.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93