Dianne Moore Of Leading Edge Real Estate Represents Buyer In 31 Sylvan Avenue Sale For $1.02M
31 Sylvan Avenue
$1,020,000
$398/SF
Building Size
2,561 SF
Asset Type
MultiFamily
Closing
Jul 22, 2024
AI
A two-family home at 31 Sylvan Avenue in Wakefield, MA, has been sold for $1,020,000. The asset encompasses 2,561 square feet, featuring four bedrooms and three bathrooms, resulting in a price per unit of $510,000 and a price per square foot of $398.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,020,000
- Units: 2
- Square Footage: 2,561
- Price Per Unit: $510,000
- Price Per Square Foot: $398
Dianne Moore from Leading Edge Real Estate represented the buyer, while Jamie Conn from Classified Realty Group represented the seller in this transaction.
Players
Wakefield 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
15.55%
Cash-on-Cash
-4.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93