Updated Dec 4, 2024
Ted Richard & Jeanna Alimonti Close $1.3M Multifamily Sale In Beverly, MA
47 Railroad Avenue
$1,300,000
$354/SF
Building Size
3,666 SF
Asset Type
MultiFamily
Closing
Feb 21, 2024
About this deal
AI
A multifamily property located at 47 Railroad Avenue in Beverly, MA, has been sold for $1,300,000. The property spans 3,666 square feet, resulting in a price per square foot of $355.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 47 Railroad Avenue
- Market: Beverly, MA
Ted Richard of J Barrett & Company represented the buyer in the transaction, while Jeanna Alimonti of Clements Realty Group represented the seller, facilitating the deal between the two parties.
The multifamily sale at 47 Railroad Avenue in Beverly, Massachusetts sold for $1.3M in 2024. The building is 3,666 square feet, implying about 354 per square foot on the published price. Ted Richard, Jeanna Alimonti, J Barrett & Company, Clements Realty Group appear on the sale alongside J Barrett & Company, Clements Realty Group. This page is the Beverly, Massachusetts file for the 47 Railroad Avenue multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Beverly sit in the Market section below. Filter that Beverly multifamily set by closing date to see what else sold near 47 Railroad Avenue around 2024. Published consideration for 47 Railroad Avenue is $1.3M, dated 2024. Cite this Ted Richard & Jeanna Alimonti Close $1.3M Multifamily Sale In Beverly, MA sale when underwriting similar multifamily product around Beverly, Massachusetts.
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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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93