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752 Hale Street, Beverly, M...

Lux Realty North Shore Facilitates $1.13M Sale Of Multifamily Property In Beverly, MA
SOLDMultiFamily

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

Michael Cotraro

LUX Realty North Shore

Broker

$1.1M

vol

1 deal

Broker

Beverly MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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