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23-25 Fremont Street

Luke Greene Acquires Winthrop Multifamily For $1.1M Representing Buyer Cameron Real Estate Group
SOLDMultiFamily

Luke Greene Acquires Winthrop Multifamily For $1.1M Representing Buyer Cameron Real Estate Group

23-25 Fremont Street

$1,100,000

$321/SF

Building Size

3,420 SF

Asset Type

MultiFamily

Closing

May 23, 2024

AI

A multifamily property at 23-25 Fremont Street in Winthrop, MA, was sold for $1.1 million. The property consists of 3 units with a total square footage of 3,420. The price per unit was $366,667, and the price per square foot was $322.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Units: 3
  • Square Footage: 3,420
  • Address: 23-25 Fremont Street, Winthrop, MA
  • Market: Winthrop, MA

Luke Greene of Cameron Real Estate Group represented the buyer in the transaction, and Abby Reid of Century 21 represented the seller in the sale of the multifamily property at 23-25 Fremont Street.

Players

Abby Reid

Century 21

Broker

$2.3M

vol

2 deals

Broker

Winthrop 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93