SOLDMultiFamily
Alison Socha Team Acquires Multifamily Property In Melrose, MA For $1.25M
23 Summer Street, Melrose, Massachusetts 02176, United States
$1,250,000
$238/SF
Building Size
5,234 SF
Asset Type
MultiFamily
Closing
May 25, 2022
AI
The multifamily property located at 21-23 Summer St in Melrose, MA has been sold for a price of $1,250,000. The property spans over 5,234 square feet, resulting in a price per square foot of $239.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,250,000
- Square Footage: 5,234
- Price Per Square Foot: $239
- Address: 21-23 Summer St, Melrose, MA
- Market: Melrose, MA
The transaction was facilitated by The Alison Socha Team from Leading Edge Real Estate.
Melrose MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93