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Luke Greene Acquires Winthrop Multifamily For $1.1M Representing Buyer Cameron Real Estate Group
SOLD
$1,100,000
Massachusetts
See Similar DealsMultiFamily3,420 SF
Sold 05/23/2024
SOLD
Luke Greene Acquires Winthrop Multifamily For $1.1M Representing Buyer Cameron Real Estate Group
23-25 Fremont Street
See Similar DealsMultiFamily3,420 SF
Sold 05/23/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$321
Total Square Footage:3,420 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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