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45 Pickering Street

Herrick Lutts Realty Partners Facilitates $3.75M Sale Of Multifamily Property in Danvers, MA
SOLDMultiFamily

Herrick Lutts Realty Partners Facilitates $3.75M Sale Of Multifamily Property in Danvers, MA

45 Pickering Street

$3,750,000

$376/SF

Building Size

9,968 SF

Asset Type

MultiFamily

Closing

Feb 14, 2024

AI

The multifamily property located at 45 Pickering Street in Danvers, MA was sold for $3,750,000. The property consists of 12 units with a total of 9,968 square feet, translating to a price per unit of $312,500 and a price per square foot of $376.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,750,000
  • Units: 12
  • Square Footage: 9,968
  • Price Per Unit: $312,500
  • Price Per Square Foot: $376
  • Address: 45 Pickering Street
  • Market: Danvers, MA
  • Seller's Representative: Jason Grzybek - Herrick Lutts Realty Partners

Jason Grzybek of Herrick Lutts Realty Partners served as the seller's representative in the transaction, facilitating the successful sale of the multifamily property. The deal highlights the expertise and professionalism of the individuals and firms involved in the real estate transaction.

Players

Jason Grzybek

Herrick Lutts Realty Partners

Broker

$20.6M

vol

7 deals

Broker

Danvers 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

4.23%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93