Lux Realty North Shore Facilitates $1.13M Sale Of Multifamily Property In Beverly, MA
752 Hale Street, Beverly, Massachusetts 01915, United States
$1,130,000
$340/SF
Building Size
3,318 SF
Asset Type
MultiFamily
Closing
Apr 28, 2022
AI
A multifamily property located at 752 Hale St in Beverly, MA has recently been sold for $1,130,000. The property spans 3,318 square feet, resulting in a price per square foot of $341. This transaction took place on April 29, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,130,000
- Address: 752 Hale St, Beverly, MA
- Market: Beverly, MA
- Buyer's Representative: Mike Cotraro & Mary Cotraro - Lux Realty North Shore
- Seller's Representative: Pizzo Johanson Team - Lux Realty North Shore
Mike Cotraro & Mary Cotraro from Lux Realty North Shore represented the buyer in this transaction. The seller was represented by the Pizzo Johanson Team, also from Lux Realty North Shore.
Players
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
14.04%
Cash-on-Cash
-4.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93