Updated Dec 18, 2023
Horvath & Tremblay Represents Jeff Holloran In $17.6M Multifamily Sale In Beverly, MA
62 Cabot Street, Beverly, MA, USA
$17,600,000
$334/SF
Building Size
52,603 SF
Asset Type
MultiFamily
Closing
Jul 30, 2020
About this deal
AI
The multifamily property located at 62 Cabot Street, 64 Cabot Street, 66 Cabot Street, 80 Cabot Street, 84 Cabot Street, 130 Cabot Street, 5 Pleasant Street, and 39 Railroad Avenue in Beverly, MA, was recently sold for a total price of $17,600,000. The transaction took place on 07/30/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $17,600,000
- Total Square Footage: 52,603
- Price per Square Foot: $335
- Total Units: 77
- Price per Unit: $228,571
- Capitalization Rate (CAP): 5.95%
The seller of the property was Jeff Holloran. The sale was facilitated by Steve Girolamo from the brokerage Horvath & Tremblay, who represented the seller in the 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
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93