Updated Sep 8, 2026
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:
- Property Type: Multifamily
- Transaction Amount: $1,775,000
- Buyer: James Shirley
- Seller: Todd Wheatley
- Brokers: Stephen Girolamo, William Peck, Dennis Kelleher & John Pentore - Horvath & Tremblay
- Units: 6
- SF: 4,410
- PPU: $295,833
- PPSF: $402
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
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
8.94%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93