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Arthur Pappas Of Keller Williams Realty Represents Buyer In $11.05M Retail Sale In Danvers MA

Property Image
SOLD
$11,050,000
Glen Kunofsky
Josh Kanter
Anthony D'Ambrosia
+ 2

Massachusetts

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Retail10,988 SF
Sold
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Property Image
SOLD

Arthur Pappas Of Keller Williams Realty Represents Buyer In $11.05M Retail Sale In Danvers MA

152 Endicott Street

See Similar Deals
Retail10,988 SF
Sold
Glen Kunofsky
Josh Kanter
Anthony D'Ambrosia
+ 2
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$1005
Total Square Footage:10988 SF
Transaction Type:Sale

The property asset involved in this transaction is a retail space located at 152 Endicott Street in Danvers, MA. This recently constructed property has a sale price of $11,050,000 and encompasses a total square footage of 10,988, resulting in a price per square foot of $1,005.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $11,050,000
  • Square Footage: 10,988
  • Price per Square Foot: $1,005
  • Market: Danvers, MA
  • Buyer's Representative: Arthur Pappas - Keller Williams Realty
  • Seller's Representatives: Glen Kunofsky, Josh Kanter, Anthony D'Ambrosia & Kevin Burke - Surmount

The sale was facilitated by Surmount, along with their broker of record Bang Realty-New England, Inc, who represented the seller in this transaction for the Fidelity Investment Branch.

Players

Glen Kunofsky
Surmount
Glen Kunofsky
106 deals$768.6M volume
BROKER
Josh Kanter
Surmount
Josh Kanter
100 deals$626.3M volume
BROKER
Anthony D'Ambrosia
Surmount
Anthony D'Ambrosia
105 deals$731.2M volume
BROKER
Kevin Burke
Surmount
Kevin Burke
15 deals$61.3M volume(617) 865-1146
BROKER
Arthur Pappas
Keller Williams Realty
Arthur Pappas
3 deals$25.1M volume
BROKER

Details

SOLD
IMAGE: Glen Kunofsky, Josh Kanter, Anthony D'Ambrosia, Kevin Burke & Arthur Pappas DATE: 3/6/2026 ADDRESS: 152 Endicott Street MARKET: Danvers, MA ASSET TYPE: Retail BUYER'S REP: Arthur Pappas - Keller Williams Realty (@KellerWilliamsRealty) SELLER'S REP: Glen Kunofsky, Josh Kanter (@JKanter29), Anthony D'Ambrosia & Kevin Burke - Surmount (@WeareSurmount) SALE PRICE: $11,050,000 SF: 10,988 ~ PPSF: $1,005 NOTE FROM SELLER'S REP: SURMOUNT, along with their broker of record Bang Realty-New England, Inc represented the seller for the recently constructed Fidelity Investment Branch in Danvers, MA.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$589,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$39,258.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,382.64
Annual Debt Service$628,591.65