Updated Sep 9, 2024
Rebecca J. Martin Sells 17-Unit Multifamily In Salem, MA For $2.075M With Nicholas Zolotas - Herrick Lutts Realty Partners
151-153 North Street, 153r & 155 North Street Salem, Ma 01970
$2,075,000
$197/SF
Building Size
10,486 SF
Asset Type
MultiFamily
Closing
Jan 12, 2023
About this deal
AI
The multifamily property located at 151-153 North Street, 153r & 155 North Street in Salem, MA has been sold for a price of $2,075,000. The property spans 10,486 square feet, resulting in a price per square foot of $198. It consists of 17 units, with an average price per unit of $122,059.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,075,000
- Address: 151-153 North Street, 153r & 155 North Street, Salem, MA
- Market: Salem, MA
The seller of the property is Rebecca J. Martin. The transaction was facilitated by Nicholas Zolotas from the Herrick Lutts Realty Partners.
Market 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
7.64%
Cash-on-Cash
-2.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93