Updated Dec 19, 2023
Realty Express - Lakeville Represents Buyer In $1.275M Multifamily Sale In Peabody, MA
73 Bartholomew Street, Peabody, MA 01960, USA
$1,275,000
$326/SF
Building Size
3,900 SF
Asset Type
MultiFamily
Closing
Dec 2, 2021
About this deal
AI
Located at 73 Bartholomew St in Peabody, MA, this multifamily property recently changed hands in a sale transaction. Spanning over 3,900 square feet, the property consists of two units. The sale price for this transaction was $1,275,000, resulting in a price per unit of $637,500. The price per square foot for this property was $327.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,275,000
- Address: 73 Bartholomew St, Peabody, MA
- Market: Peabody, MA
- Buyer's Rep: Suzanne Gelven - Realty Express - Lakeville
- Seller's Rep: LeeAnne Trohon - LAER Realty Partners
- Units: 2
- Square Footage: 3,900
Suzanne Gelven from Realty Express - Lakeville represented the buyer in this transaction, while LeeAnne Trohon from LAER Realty Partners represented the seller. These individuals played a crucial role in facilitating the deal.
Players
Peabody 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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93