Updated Sep 9, 2024
Horvath & Tremblay Brokers Sell Mixed-Use Property In Gloucester, MA For $3.1M
50 Rogers Street &Amp; 84 Main Street
$3,143,500
Building Size
—
Asset Type
Mixed-use
Closing
Mar 24, 2023
About this deal
AI
A mixed-use property located at 50 Rogers Street and 84 Main Street in Gloucester, MA has been sold for a price of $3,143,500. The sale was facilitated by brokers Steve Girolamo, Bob Horvath, and Todd Tremblay from Horvath & Tremblay.
Summary of transaction details
- Property Type: Mixed-Use
- Transaction Amount: $3,143,500
- Address: 50 Rogers Street & 84 Main Street, Gloucester, MA
- Market: Gloucester, MA
The property, with a total area of , features a combination of residential and commercial spaces. It offers diverse opportunities for businesses and residents alike.
Steve Girolamo, Bob Horvath, and Todd Tremblay from Horvath & Tremblay played crucial roles in facilitating the sale of this mixed-use property. Their expertise and negotiation skills helped ensure a successful transaction for all parties involved.
Sydney Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.05%
Cash-on-Cash
-1.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93