Federal Street - Salem, MA

Salem, MA Jay Goldberg of Goldberg Properties has completed the purchase of a 16,883 s/f complex at the corner of Boston St. and Federal St., for $3 million.

Currently leased at 100% occupancy, the 26-unit brick building is comprised of one, two, and three bedroom units, in addition to a convenience store.

Jay Goldberg, Goldberg Properties

“The opportunity to obtain an asset at an attractive basis and fully leased is rare in this market,” said Goldberg. “The property boasts many appealing components for its size on the North Shore.”

Additionally, the building comes with 18-car off-street parking, and all units are de-leaded, separately metered.

Using his value-driven and efficient approach to property management, Goldberg plans to make various improvements to the building over the next several months.

Brian Dapice of the Mega Group was the broker for the transaction.

Jay Goldberg is a principal at Goldberg Properties Management, Inc. He owns and manages residential and commercial property in New England.