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245 Hill Street

Norwood Multifamily Property Sold For $1.125M With Buyer's Rep Dalvin Estrada & Seller's Rep Michael Lord
SOLDMultiFamily

Norwood Multifamily Property Sold For $1.125M With Buyer's Rep Dalvin Estrada & Seller's Rep Michael Lord

245 Hill Street

$1,125,000

$452/SF

Building Size

2,488 SF

Asset Type

MultiFamily

Closing

Oct 5, 2023

AI

A multifamily property located at 245 Hill Street in Norwood, MA, was sold for $1.125 million. The property has a total area of 2,488 square feet, resulting in a price per square foot of $452. The transaction took place on 10/05/2023.

Summary of transaction details

The buyer, Dalvin Estrada, was represented by Estrada & Associates Realty LLC in this transaction. On the other hand, Michael Lord represented the seller, Capital Realty Group. Both parties played pivotal roles in the successful completion of the deal.

Players

Michael Lord

Capital Realty Group

Broker

$5.9M

vol

3 deals

Broker

Norwood 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

14.10%

Cash-on-Cash

-4.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93