Updated Dec 21, 2023
Lyv Realty Acquires Wakefield Multifamily For $1.375M With Buyer's Rep Candice Pagliarulo Hodgson & Seller's Rep Michael Barrett
9 Salem St, Wakefield, Massachusetts, USA
$1,375,000
$572/SF
Building Size
2,400 SF
Asset Type
MultiFamily
Closing
Nov 24, 2021
About this deal
AI
The multifamily property located at 9 Salem St in Wakefield, MA has been sold for a price of $1,375,000. The property spans across 2,400 square feet, resulting in a price per square foot of $573.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,375,000
- Date: 11/24/2021
- Market: Wakefield, MA
Candice Pagliarulo Hodgson from Lyv Realty represented the buyer in this transaction, while Michael Barrett from Christopher J. Barrett, Realtors represented the seller.
The multifamily sale at 9 Salem St, Wakefield, Massachusetts, USA in Wakefield, Massachusetts sold for $1.4M in 2021. The building is 2,400 square feet, implying about 572 per square foot on the published price. Named participants on the 9 Salem St, Wakefield, Massachusetts, USA sale are Michael Barrett, Candice Pagliarulo Hodgson. This page is the Wakefield, Massachusetts file for the 9 Salem St, Wakefield, Massachusetts, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Wakefield sit in the Market section below. Filter that Wakefield multifamily set by closing date to see what else sold near 9 Salem St, Wakefield, Massachusetts, USA around 2021. Published consideration for 9 Salem St, Wakefield, Massachusetts, USA is $1.4M, dated 2021. Cite this Lyv Realty Acquires Wakefield Multifamily For $1.375M With Buyer's Rep Candice Pagliarulo Hodgson & Seller's Rep Michael Barrett sale when underwriting similar multifamily product around Wakefield, Massachusetts.
Players
Wakefield 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
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93