Updated Dec 4, 2024
Multifamily Property In Marblehead, MA Sells For $1.1M With David L. White As The Broker
64 Front Street
$1,100,000
$463/SF
Building Size
2,376 SF
Asset Type
MultiFamily
Closing
Sep 29, 2023
About this deal
AI
A multifamily property located at 64 Front Street in Marblehead, MA has been sold for $1.1 million. Spanning over 2,376 square feet, the property achieved a price per square foot (PPSF) of $463. The transaction was facilitated by David L. White of Ownerentry.Com.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 64 Front Street, Marblehead, MA
- Market: Marblehead, MA
- Square Footage: 2,376
- Price Per Square Foot (PPSF): $463
- Broker: David L. White - Ownerentry.Com
The sale of the property at 64 Front Street was handled by David L. White, who represents Ownerentry.Com. His expertise in the market and negotiation skills played a crucial role in finalizing the deal at $1.1 million. With a detailed understanding of the property's value and market trends, White successfully brokered the transaction.
Players
Marblehead 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93