Julian Lewis Purchases Multifamily Property From Miroslaw Kantorosinski For $3.83M In Salem MA

The property involved in this transaction is a multifamily asset located at 5 Ropes Street & 8 Porter Street Court in Salem, MA. The sale price of the property was $3,830,000, which corresponds to a price per unit of $319,167 for the 12 units it comprises. The total square footage of the asset is 19,720, leading to a price per square foot of $194.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,830,000
• Units: 12
• Price Per Unit: $319,167
• Square Footage: 19,720
• Price Per Square Foot: $194
• Buyer: Julian Lewis
• Seller: Miroslaw Kantorosinski
• Brokers: Dan Pouladian, Sara Pouladian & Michael McCarthy - North Shore Realty Advisors

North Shore Realty Advisors, Inc. represented the Seller and procured the buyer, conducting 40 tours and generating 9 offers, ultimately securing a final sale price of $130,000 over the asking amount. The brokerage congratulates all parties involved in this transaction.