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181-183 Winslow Ave, Norwoo...

Updated Dec 19, 2023

Norwood, MA Multifamily Sells For $1M With Buyer's Rep Sarah Reddick Shimoff
SOLDMultiFamily

Norwood, MA Multifamily Sells For $1M With Buyer's Rep Sarah Reddick Shimoff

181-183 Winslow Ave, Norwood, Massachusetts, USA

$1,000,000

$332/SF

Building Size

3,006 SF

Asset Type

MultiFamily

Closing

Sep 24, 2021

About this deal

AI

The multifamily property located at 181-183 Winslow Ave in Norwood, MA was recently sold for a total of $1,000,000. The property spans 3,006 square feet, resulting in a price per square foot of $333. The transaction took place on September 24, 2021, with Sarah Reddick Shimoff representing the buyer and Alexander Fishman representing the seller through their respective agencies, Compass and Panorama Realty, Inc. This transaction showcases the demand for multifamily properties in the Norwood market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Address: 181-183 Winslow Ave, Norwood, MA
  • Market: Norwood, MA
  • Buyer's Rep: Sarah Reddick Shimoff - Compass
  • Seller's Rep: Alexander Fishman - Panorama Realty, Inc.
  • Square Footage: 3,006
  • Price per Square Foot: $333

This successful transaction was facilitated by Sarah Reddick Shimoff of Compass as the buyer's representative, and Alexander Fishman of Panorama Realty, Inc. as the seller's representative. Their expertise and negotiation skills contributed to the smooth completion of the deal, ensuring a fair outcome for all parties involved.

Players

Sarah Reddick Shimoff

Compass

Broker

$1M

vol

1 deal

Broker

Norwood MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $332 per square foot on a published $1M for 3,006 square feet (2021).

Visit Compass to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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