The transaction involved three contiguous parcels located at 53-55-57 Hale Street in Beverly, MA, which comprise nine rental units and over 20 parking spaces. The sale price for the multifamily asset was $3,120,000, with a total square footage of 7,051, leading to a price per square foot of $442.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $3,120,000
• Square Footage: 7,051
• Price per Square Foot: $442
• Address: 53-55-57 Hale Street
• Market: Beverly, MA
• Buyer's Representative: Michael Cotraro - Buckley Realty Group
• Seller's Representative: Gary Blattberg - Re/Max

This deal highlights key stakeholders, with Michael Cotraro representing the buyer from Buckley Realty Group and Gary Blattberg representing the seller from Re/Max. The transaction was completed on July 31, 2024, reinforcing the investment's appeal due to its proximity to Dane St Beach and downtown Beverly.