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

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SOLD
$615,000

Massachusetts

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MultiFamily2,512 SF
Sold 06/04/2020
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Property Image
SOLD

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

3724 Emerson Street, Stoneham, Massachusetts, USA

See Similar Deals
MultiFamily2,512 SF
Sold 06/04/2020
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$244
Total Square Footage:2,512 SF
Transaction Type:Sale

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

2 deals$1.5M volume
BROKER

Details

SOLD
IMAGE: Josue Velney DATE: 06/04/2021 ADDRESS: 18 Emerson Street MARKET: Stoneham, MA ASSET TYPE: Multifamily SELLER: Frank DiPrizio & Lidia DiPrizio BUYER: Jocelyn Velney BROKER: Josue Velney - Dress Blue Realty ASKING PRICE: $599,900 SALE PRICE: $615,000 SF: 2,512 ~ PPSF: $245

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,184.96
Cash-on-Cash Return-1.27%
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