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Hongmei Wang & Jun Zhang Facilitate $1.1M Sale Of Winchester Multifamily Asset
SOLD
$1,100,000
Massachusetts
See Similar DealsMultiFamily2,016 SF
Sold 05/16/2024
SOLD
Hongmei Wang & Jun Zhang Facilitate $1.1M Sale Of Winchester Multifamily Asset
269-271 Cross Street
See Similar DealsMultiFamily2,016 SF
Sold 05/16/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$545
Total Square Footage:2,016 SF
Transaction Type:Sale
269-271 Cross St in Winchester, MA 01890 was sold for $1,100,000, offering a unique multi-family property known as The Residences at Winchester, spanning 2,016 square feet with a price per square foot of $546.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 269-271 Cross Street
- Market: Winchester, MA
The sale at 269-271 Cross Street was facilitated by Hongmei Wang and Jun Zhang from Hmw Real Estate, representing the parties involved in the transaction.
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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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