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118-120 Green Street

Bill Gehan Of Campion And Company Represents Buyer In $1.025M Sale Of Melrose Multifamily Property
SOLDMultiFamily

Bill Gehan Of Campion And Company Represents Buyer In $1.025M Sale Of Melrose Multifamily Property

118-120 Green Street

$1,025,000

$294/SF

Building Size

3,484 SF

Asset Type

MultiFamily

Closing

Sep 4, 2024

AI

A two-family home located at 118-120 Green Street in Melrose, MA, has been sold for $1,025,000. The asset encompasses a total square footage of 3,484 and features seven bedrooms and four and a half bathrooms, divided into two units. Additionally, the property includes a six-car garage and has updated heating and water systems.

Summary of transaction details:

The buyer was represented by Bill Gehan from Campion and Company Fine Homes Real Estate, while the seller was represented by Daniela Cafaro from Compass. This transaction highlights the involvement of professionals in the real estate market facilitating the exchange.

Players

Bill Gehan

Campion and Company Fine Homes Real Estate

Broker

$18.4M

vol

4 deals

Broker

Melrose 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

15.48%

Cash-on-Cash

-4.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93