Updated Dec 4, 2024
Albeiro Lopera Facilitates $1.2M Winthrop Multifamily Sale With Water Views
25 Sea Foam Avenue
$1,200,000
$246/SF
Building Size
4,860 SF
Asset Type
MultiFamily
Closing
Jun 12, 2024
About this deal
AI
A 3-family property at 25 Seafoam Ave, Winthrop, MA sold for $1.2 million, featuring 8 bedrooms, 4 baths, and water views from front and back decks. The property spans 4,860 square feet and was transacted at $247 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Units: 3
- Price Per Unit: $400,000
- Square Footage: 4,860
- Price Per Square Foot: $247
- Address: 25 Sea Foam Avenue, Winthrop, MA
- Market: Winthrop, MA
The buyer's representative in this deal was Albeiro Lopera from United Brokers, while the seller's representative was John Schwagerl from Northeastern Realty Group.
On the Map
$1,200,000
$246/SF
MultiFamily
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Players
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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93