Updated Dec 19, 2023
Coldwell Banker Realty Acquires Multifamily Property In Manchester For $1.15M
5 Sea Street, Manchester-by-the-Sea, Massachusetts 01944, United States
$1,150,000
$385/SF
Building Size
2,980 SF
Asset Type
MultiFamily
Closing
Feb 15, 2022
About this deal
AI
The multifamily property located at 5 Sea St in Manchester, MA has been sold for a price of $1,150,000. The property spans 2,980 square feet, resulting in a price per square foot of $386.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Date: 02/16/2022
- Address: 5 Sea St, Manchester, MA
- Market: Manchester, MA
The buyer's representative in this transaction is Christina Cunningham from Coldwell Banker Realty in Manchester. Representing the seller is Paula Polo-Filias from J. Barrett & Company.
Players
Manchester 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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93