facebook
Traded Co logo
Submit
Daily limit: 0/10

Spire Investments Acquires MultiFamily Property In Beverly, MA For $1.4M

Property Image
SOLD
$1,400,000

Massachusetts

See Similar Deals
MultiFamily
Sold 07/14/2023
the dealplayerscompscontact
Property Image
SOLD

Spire Investments Acquires MultiFamily Property In Beverly, MA For $1.4M

85 89 Cabot Street Beverly, Massachusetts 01915, Usa

See Similar Deals
MultiFamily
Sold 07/14/2023
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

Spire Investments, led by owner and president Jay Goldberg, has recently acquired 85-89 Cabot St., a three-story brick building featuring six apartment units with a mix of one and two bedrooms. The property, located in Beverly, MA, was sold for a total price of $1,400,000.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $1,400,000
  • Buyer: Spire Investments - Jay Goldberg
  • Date: 07/14/2023
  • Address: 85-89 Cabot Street, Beverly, MA
  • Seller: Not specified
  • Market: Beverly, MA

Spire Investments, represented by Jay Goldberg, successfully completed the purchase of 85-89 Cabot St. The three-story brick building comprises six apartment units with a mix of one and two bedrooms. This acquisition expands Spire Investments' portfolio and strengthens their presence in the Beverly, MA market.

Players

13 deals$87.1M volume
BUYER

Details

SOLD
IMAGE: Jay Goldberg DATE: 07/14/2023 ADDRESS: 85-89 Cabot Street MARKET: Beverly, MA ASSET TYPE: MultiFamily BUYER: Spire Investments - Jay Goldberg SALE PRICE: $1,400,000 NOTE: Spire Investments, led by owner and president Jay Goldberg, has recently acquired 85-89 Cabot St., a three-story brick building featuring six apartment units with a mix of one and two bedrooms.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$74,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57