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Multifamily

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36 Market Street

Updated Sep 8, 2026

James Shirley Purchases Multifamily Asset From Todd Wheatley In Newburyport For $1,775,000
SOLDMultiFamily

James Shirley Purchases Multifamily Asset From Todd Wheatley In Newburyport For $1,775,000

36 Market Street

$1,775,000

$402/SF

Building Size

4,410 SF

Asset Type

MultiFamily

Closing

Aug 31, 2026

About this deal

AI

The property asset involved in the transaction is located at 36 Market Street, Newburyport, MA, consisting of a multifamily building with a total sale price of $1,775,000. The building includes 6 units spread across a total square footage of 4,410, which translates to a price per unit of $295,833 and a price per square foot of $402.

Summary of transaction details:

The transaction was facilitated by the brokerage team of Stephen Girolamo, William Peck, Dennis Kelleher, and John Pentore, all of whom represent Horvath & Tremblay in this deal. Their involvement implies a collective effort from these professionals in ensure a smooth transaction process between the buyer and seller.

Players

Dennis Kelleher

Horvath & Tremblay

Broker

$582.1M

vol

100 deals

Broker

Newburyport MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $402 per square foot on a published $1.8M for 4,410 square feet (2026).

Visit Stephen Girolamo to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.94%

Cash-on-Cash

-2.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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