Updated Dec 21, 2023
Salem Multifamily Sells For $1.05M With Catherine St. Pierre As The Broker
57-59 Charles Street, Salem, Massachusetts 01970, United States
$1,050,000
$309/SF
Building Size
3,396 SF
Asset Type
MultiFamily
Closing
Feb 1, 2022
About this deal
AI
A multifamily property located at 57-59 Charles St in Salem, MA was recently sold for a price of $1,050,000. The property spans across 3,396 square feet, resulting in a price per square foot of $309.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
The sale of this property was facilitated by Catherine St. Pierre from Armstrong Field Real Estate. She represented the buyer and/or seller in this transaction.
The multifamily sale at 57-59 Charles Street, Salem, Massachusetts 01970, United States in Salem, Massachusetts sold for $1.1M in 2022. The building is 3,396 square feet, implying about 309 per square foot on the published price. Named participants on the 57-59 Charles Street, Salem, Massachusetts 01970, United States sale are Catherine St. Pierre. This page is the Salem, Massachusetts file for the 57-59 Charles Street, Salem, Massachusetts 01970, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Salem sit in the Market section below. Filter that Salem multifamily set by closing date to see what else sold near 57-59 Charles Street, Salem, Massachusetts 01970, United States around 2022. Published consideration for 57-59 Charles Street, Salem, Massachusetts 01970, United States is $1.1M, dated 2022. Cite this Salem Multifamily Sells For $1.05M With Catherine St. Pierre As The Broker sale when underwriting similar multifamily product around Salem, Massachusetts.
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Salem 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93