Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,100,000
$321/SF
MultiFamily
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Winthrop 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93