Updated Dec 19, 2023
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
Norwood 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93