Chris Rizzi Purchases Multifamily Property From Jaclyn Garber For $1.1M In Salem, MA
57 Dow Street
$1,100,000
$232/SF
Building Size
4,730 SF
Asset Type
MultiFamily
Closing
Jul 2, 2025
AI
The property asset involved in this transaction is a multifamily unit located at 57 Dow Street, Salem, MA. The transaction was completed for a sale price of $1,100,000, featuring a total of 4 units within a square footage of 4,730. This results in a price per unit of $275,000 and a price per square foot of $232.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 4
- Square Footage: 4,730
- Price Per Unit: $275,000
- Price Per Square Foot: $232
- Buyer: Chris Rizzi
- Seller: Jaclyn Garber
- Brokers: Dan Pouladian, Sara Pouladian & Michael McCarthy - Northshore Realty Advisors
Northshore Realty Advisors served as the exclusive agent for the seller and successfully procured the buyer for this transaction. The participation of all parties involved is acknowledged in the successful closure of this deal.
Players
Salem 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93