Updated Dec 20, 2023
Keller Williams Realty Sells Multifamily Property In Newburyport, MA For $1.2M
88 Water Street, Newburyport, MA, USA
$1,200,000
$325/SF
Building Size
3,687 SF
Asset Type
MultiFamily
Closing
Jan 21, 2021
About this deal
AI
Located at 88 Water Street in Newburyport, MA, this multifamily property was recently sold for $1,200,000. Spanning a total area of 3,687 square feet, the property offers a price per square foot (PPSF) of $325. The sale took place on January 22, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 88 Water Street, Newburyport, MA
- Market: Newburyport, MA
Faulkner Commercial Group, representing the seller, Keller Williams Realty, facilitated this transaction. On the buyer's side, Kerry Turner from RE/MAX Partners served as the representative. Kerry Turner played a crucial role in the deal, ensuring a successful transaction for all parties involved.
Players
Newburyport MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Re/Max 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93