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47 Railroad Avenue

Ted Richard & Jeanna Alimonti Close $1.3M Multifamily Sale In Beverly, MA
SOLDMultiFamily

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

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.

Players

Ted Richard

J Barrett & Company

Broker

$11.6M

vol

6 deals

Broker

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