Crowd Lending Fund One Sells Winthrop Multifamily For $1.38M With Boston Trust Realty Group
101 Summit Ave, Winthrop, Massachusetts, USA
$1,380,500
$227/SF
Building Size
6,066 SF
Asset Type
MultiFamily
Closing
Jul 6, 2020
AI
A multifamily property located at 101 Summit Ave in Winthrop, MA was recently sold for a price of $1,380,500. The property spans across 6,066 square feet, resulting in a price per square foot of $228. The sale took place on 07/06/2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,380,500
- Address: 101 Summit Ave, Winthrop, MA
- Market: Winthrop, MA
The seller of the property was Crowd Lending Fund One. The deal was facilitated by brokers Robert Nichols, Anthony Jean-Baptiste, and Daniel Jeannite from Boston Trust Realty Group.
Players
Winthrop MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.49%
Cash-on-Cash
-3.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93