Dennis Lee Acquires Multifamily Property In Salem, MA For $2.175M

The multifamily property located at 72-68 Palmer Street in Salem, MA, was recently sold for a total price of $2,175,000. The property consists of 10 units, with each unit being sold at an average price of $217,500. The total square footage of the property is 11,768, resulting in a price per square foot of $185.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,175,000
• Units: 10
• Price Per Unit: $217,500
• Total Square Footage: 11,768
• Price Per Square Foot: $185
• Address: 72-68 Palmer Street, Salem, MA
• Market: Salem, MA

The buyer of the property is Dennis Lee, while the seller is Vito Venuti III. The deal was facilitated by brokers Dan Pouladian and Sara Pouladian from Northshore Realty Advisors. Northshore Realty Advisors, Inc., acting as the exclusive agent for the seller, successfully connected the buyer with the property through their private client network. Congratulations to all parties involved in this smooth transaction.