Updated Dec 4, 2024
Multifamily Property In Winthrop, MA Sells For $1.35M With Broker Christine Rich Of Citylight Homes
169 Main Street
$1,350,000
$297/SF
Building Size
4,542 SF
Asset Type
MultiFamily
Closing
Dec 1, 2023
About this deal
AI
A multifamily property located at 169 Main Street in Winthrop, MA, has recently been sold for a total of $1,350,000. The transaction was facilitated by Christine Rich, a broker from Citylight Homes.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Square Footage: 4,542
- Price per Square Foot: $297
- Address: 169 Main Street
- Market: Winthrop, MA
Christine Rich, representing Citylight Homes, played a key role in the sale of the multifamily property at 169 Main Street in Winthrop, MA. The property spans 4,542 square feet, and the transaction resulted in a sale price of $1,350,000 with a price per square foot of $297.
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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93