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50 Market Street

Updated Dec 4, 2024

Luciano Hoxhaj & Magdiel Matias Facilitate $1.025M Sale Of Multifamily Property In Amesbury
SOLDMultiFamily

Luciano Hoxhaj & Magdiel Matias Facilitate $1.025M Sale Of Multifamily Property In Amesbury

50 Market Street

$1,025,000

$260/SF

Building Size

3,933 SF

Asset Type

MultiFamily

Closing

Jun 28, 2024

About this deal

AI

A six-unit property at 50 Market St in Amesbury, MA sold for $1.025 million, featuring 8 bedrooms and 6 bathrooms across 3,933 sq ft. This investment property, built in 1890, offers stable rental income and potential for rent growth in a prime location.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,025,000
  • Units: 6
  • Price Per Unit: $170,833
  • Square Footage: 3,933
  • Price Per Sq Foot: $261
  • Address: 50 Market Street, Amesbury, MA
  • Market: Amesbury, MA
  • Buyer's Rep: Luciano Hoxhaj - Alb Realty
  • Seller's Rep: Magdiel Matias -Matias Realty

Luciano Hoxhaj from Alb Realty represented the buyer in this transaction, while Magdiel Matias from Matias Realty represented the seller. The deal involved a well-maintained property with historical charm, offering a mix of residential units and the potential for future income growth.

Players

Magdiel Matias

Matias Realty

Broker

$1M

vol

1 deal

Broker

Amesbury MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $260 per square foot on a published $1M for 3,933 square feet (2024).

Visit Matias Realty to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.48%

Cash-on-Cash

-4.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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