Updated Dec 20, 2023
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
About this deal
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.
The multifamily sale at 23 Summer Street, Melrose, Massachusetts 02176, United States in Melrose, Massachusetts sold for $1.3M in 2022. The building is 5,234 square feet, implying about 238 per square foot on the published price. Alison Socha, Leading Edge Real Estate appear on the sale alongside Leading Edge Real Estate. This page is the Melrose, Massachusetts file for the 23 Summer Street, Melrose, Massachusetts 02176, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Melrose sit in the Market section below. Filter that Melrose multifamily set by closing date to see what else sold near 23 Summer Street, Melrose, Massachusetts 02176, United States around 2022. Published consideration for 23 Summer Street, Melrose, Massachusetts 02176, United States is $1.3M, dated 2022. Cite this Alison Socha Team Acquires Multifamily Property In Melrose, MA For $1.25M sale when underwriting similar multifamily product around Melrose, Massachusetts.
Melrose 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93