Updated Oct 29, 2024
Faunbar Mtk LLC Acquires Multifamily Property On Faunbar Avenue In Cottage Hill, Winthrop For $1.55M
22 Faunbar Ave #26, Winthrop, Ma 02152, Usa
$1,550,000
$29/SF
Building Size
52,710 SF
Asset Type
MultiFamily
Closing
May 31, 2020
About this deal
AI
The multifamily property located at 22-26 Faunbar Avenue in Cottage Hill, Winthrop has been sold for a total price of $1,550,000. The property spans a total area of 5,271 square feet, resulting in a price per square foot of $294.06. With a total of 6 units, the price per unit comes to $258,333.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Square footage: 5,271 SF
- Price per square foot: $294.06
- Number of units: 6
- Price per unit: $258,333
- Market: Cottage Hill, Winthrop
The seller of the property was Faunbar LLC, while the buyer was Faunbar Mtk LLC.
Players
Winthrop 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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93