facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

333 Main Street

Kenneth Carpi Purchases MultiFamily Properties At 333 Main Street And 447 Pleasant Street For $13.7M
SOLDMultiFamily

Kenneth Carpi Purchases MultiFamily Properties At 333 Main Street And 447 Pleasant Street For $13.7M

333 Main Street & 447 Pleasant Street

$13,700,000

$383/SF

Building Size

35,764 SF

Asset Type

MultiFamily

Closing

May 27, 2026

AI

The property asset involved in this transaction is a MultiFamily building located at 333 Main Street & 447 Pleasant Street in Melrose, MA. The sale price for the asset was $13,700,000, which translates to a price per unit of $291,489. The total square footage of the property is 35,674, leading to a price per square foot of $384. The complex consists of 47 units in total.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $13,700,000
  • Units: 47
  • Price Per Unit: $291,489
  • Total Square Footage: 35,674
  • Price Per Square Foot: $384
  • Buyer: Kenneth Carpi
  • Brokers: Dennis Kelleher & John Pentore - Horvath & Tremblay

This transaction was facilitated by brokers Dennis Kelleher and John Pentore, representing the interests of the buyer, Kenneth Carpi. The deal took place on May 28, 2026, showcasing a significant movement in the Melrose real estate market.

Players

Dennis Kelleher

Horvath & Tremblay

Broker

$561.5M

vol

96 deals

Broker

Melrose 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

1.16%

Cash-on-Cash

-0.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93