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17 Cutler Street, Winthrop,...

Signature Properties Acquires Winthrop Multifamily Property For $3M With Lillian Montalto And Gabrielle Russo
SOLDMultiFamily

Signature Properties Acquires Winthrop Multifamily Property For $3M With Lillian Montalto And Gabrielle Russo

17 Cutler Street, Winthrop, Massachusetts, USA

$3,000,000

$423/SF

Building Size

7,092 SF

Asset Type

MultiFamily

Closing

Jul 21, 2021

AI

A multifamily property located at 17 Cutler Street in Winthrop, MA has been sold for a price of $3,000,000. The transaction took place on July 22, 2021. The property spans over 7,092 square feet, resulting in a price per square foot of $423. The seller, Gabrielle Russo, facilitated the sale.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Date: 07/22/2021
  • Address: 17 Cutler Street
  • Market: Winthrop, MA
  • Seller's Representative: Gabrielle Russo
  • Buyer's Representative: Lillian Montalto - Signature Properties

Lillian Montalto, from Signature Properties, represented the buyer in this transaction. The sale price of $3,000,000 was met, with an asking price that matched the final amount. The property's size of 7,092 square feet and the price per square foot of $423 provides insight into the market value of this multifamily asset.

Players

Lillian Montalto

Broker

$8.8M

vol

4 deals

Broker

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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93