Updated Sep 5, 2024
Gwen Washburn Acquires Multifamily Property In Topsfield For $1.5M
59 Main St, Topsfield, Massachusetts, USA
$1,500,000
$338/SF
Building Size
4,438 SF
Asset Type
MultiFamily
Closing
Dec 8, 2021
About this deal
AI
The multifamily property located at 59 Main St in Topsfield, MA has been sold for a price of $1,500,000. The property spans over 4,438 square feet, resulting in a price per square foot of $338.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Date: 12/08/2021
- Address: 59 Main St, Topsfield, MA
- Market: Topsfield, MA
The buyer's representative for this transaction was Gwen Washburn from Coldwell Banker Realty - Topsfield, while the seller's representative was Andrea O'Reilly from Keller Williams Realty Evolution.
Players
Topsfield 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93