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23 Summer Street, Melrose, ...

Alison Socha Team Acquires Multifamily Property In Melrose, MA For $1.25M
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.

Players

Alison Socha

Leading Edge Real Estate

Broker

$4.6M

vol

3 deals

Broker

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