Crowd Lending Fund One Sells Winthrop Multifamily For $1.38M With Boston Trust Realty Group
SOLD
$1,380,500
Massachusetts
See Similar DealsMultiFamily6,066 SF
Sold 07/06/2020
SOLD
Crowd Lending Fund One Sells Winthrop Multifamily For $1.38M With Boston Trust Realty Group
101 Summit Ave, Winthrop, Massachusetts, USA
See Similar DealsMultiFamily6,066 SF
Sold 07/06/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$227
Total Square Footage:6,066 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$73,626.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,904.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,544.27
Annual Debt Service$78,531.29
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