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57 Dow Street

Chris Rizzi Purchases Multifamily Property From Jaclyn Garber For $1.1M In Salem, MA
SOLDMultiFamily

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

Dan Pouladian

Northshore Realty Advisors

Broker

$304.3M

vol

68 deals

Broker
Northshore Realty Advisors
Northshore Realty AdvisorsBrokerage

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