Updated Oct 28, 2024
The DJJC, LLC Sells Multifamily Property In Salem, MA For $1.4M
75-79 Boston Street, Salem, MA, USA
$1,400,000
$227/SF
Building Size
6,166 SF
Asset Type
MultiFamily
Closing
Sep 14, 2021
About this deal
AI
The multifamily property located at 75-79 Boston Street in Salem, MA has been sold. The transaction took place on September 14, 2021. The property was listed by Stephen Girolamo from Horvath & Tremblay and the sale was completed by The DJJC, LLC.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Asking Price: $1,400,000
- Units: 6
- Price per Unit: $233,333
- Square Footage: 6,166
- Price per Square Foot: $227
This transaction involved the sale of a multifamily property in Salem, MA. The property consists of 6 units with a total square footage of 6,166. The asking price and sale price for the property were both $1,400,000, resulting in a price per unit of $233,333 and a price per square foot of $227. Stephen Girolamo from Horvath & Tremblay represented the seller, The DJJC, LLC, in this transaction.
Salem MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Stephen Girolamo to view all their deals.
Browse Massachusetts multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93