Updated Dec 18, 2023
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
Stoneham 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
25.79%
Cash-on-Cash
-7.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93