Updated Dec 19, 2023
Fruh Realty Acquires Multifamily Property In Newburyport, MA For $1.26M
98-100 Pleasant Street, Newburyport, MA, USA
$1,265,000
$435/SF
Building Size
2,903 SF
Asset Type
MultiFamily
Closing
Apr 11, 2021
About this deal
AI
Located at 98-100 Pleasant St in Newburyport, MA, this multifamily property was recently sold for $1,265,000. The property encompasses a total of 2,903 square feet, resulting in a price per square foot of $436. The sale took place on April 12, 2021, as confirmed by Kevin Fruh and Michael Webber in their Instagram post.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,265,000
- Square Footage: 2,903
- Price Per Square Foot: $436
- Address: 98-100 Pleasant St, Newburyport, MA
- Market: Newburyport, MA
The sale of this property was facilitated by Michael Webber from Stone Ridge Properties, Inc., representing the seller, and Kevin Fruh from Fruh Realty, LLC, representing the buyer. This successful transaction highlights the expertise and professionalism of both parties involved in the deal.
On the Map
$1,265,000
$435/SF
MultiFamily
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Players
Newburyport 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
12.54%
Cash-on-Cash
-3.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93