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
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