Updated Dec 21, 2023
Stephen Girolamo - Horvath & Tremblay Sells Multifamily Property In Beverly, MA For $6.5M
614 Cabot St, Beverly, MA 01915, USA
$6,500,000
$293/SF
Building Size
22,176 SF
Asset Type
MultiFamily
Closing
Oct 15, 2020
About this deal
AI
A multifamily property located at 614 Cabot Street in Beverly, MA has been sold for $6,500,000. The property spans 22,176 square feet and was sold at a price per square foot of $293. The transaction involved 24 units, with each unit being sold at a price per square foot of $270,833.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,500,000
- Address: 614 Cabot Street, Beverly, MA
- Market: Beverly, MA
- Broker: Stephen Girolamo – Horvath & Tremblay
Stephen Girolamo from Horvath & Tremblay served as the broker in this transaction.
Beverly 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93