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:
- Property Type: Multifamily
- Transaction Amount: $1,025,000
- Units: 2
- Price per Unit: $512,500
- Square Footage: 3,484
- Price per Square Foot: $294
- Buyer's Representative: Bill Gehan - Campion and Company Fine Homes Real Estate
- Seller's Representative: Daniela Cafaro - Compass
- Sale Date: September 4, 2024
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
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