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3724 Emerson Street, Stoneh...

Updated Dec 18, 2023

Jocelyn Velney Acquires Multifamily Property In Stoneham, MA For $615K
SOLDMultiFamily

Jocelyn Velney Acquires Multifamily Property In Stoneham, MA For $615K

3724 Emerson Street, Stoneham, Massachusetts, USA

$615,000

$244/SF

Building Size

2,512 SF

Asset Type

MultiFamily

Closing

Jun 4, 2020

About this deal

AI

A multifamily property located at 18 Emerson Street in Stoneham, MA, was recently sold in a closed transaction. The property spans 2,512 square feet and was listed for sale with an asking price of $599,900. The final sale price achieved was $615,000, translating to approximately $245 per square foot.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $615,000
  • Seller: Frank DiPrizio & Lidia DiPrizio
  • Buyer: Jocelyn Velney
  • Broker: Josue Velney - Dress Blue Realty
  • Address: 18 Emerson Street, Stoneham, MA
  • Market: Stoneham, MA

Jocelyn Velney acted as the buyer in this transaction, while the sellers were Frank DiPrizio and Lidia DiPrizio. Managing the deal was Josue Velney from Dress Blue Realty, representing the respective parties. The sale of this multifamily property showcases a successful closed transaction in Stoneham, MA.

Players

Josue Velney

Broker

$1.5M

vol

2 deals

Broker

Stoneham MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $244 per square foot on a published $615K for 2,512 square feet (2020).

Visit Josue Velney to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

25.79%

Cash-on-Cash

-7.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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