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31 Sylvan Avenue

Dianne Moore Of Leading Edge Real Estate Represents Buyer In 31 Sylvan Avenue Sale For $1.02M
SOLDMultiFamily

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

Jamie Conn

Broker

$1.8M

vol

2 deals

Broker

Wakefield MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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