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98-100 Pleasant Street, New...

Fruh Realty Acquires Multifamily Property In Newburyport, MA For $1.26M
SOLDMultiFamily

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

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.

Players

Michael Webber

Broker

$1.3M

vol

2 deals

Broker

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