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
Melrose 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
1.16%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93