360 Realty LLC Acquires Multifamily Property In Melrose, MA For $1.01M
38-40 Albion St, Melrose, Massachusetts, USA
$1,010,000
$287/SF
Building Size
3,512 SF
Asset Type
MultiFamily
Closing
Aug 4, 2020
AI
The multifamily property located at 38-40 Albion St in Melrose, MA has been sold for a total of $1,010,000. The property spans across 3,512 square feet, resulting in a price per square foot of $288.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,010,000
- Date: 08/04/2021
- Address: 38-40 Albion St, Melrose, MA
- Market: Melrose, MA
The seller's representative for this transaction was Patricia Fitzgerald from Brad Hutchinson Real Estate, while Rajit Shrestha from 360 Realty LLC represented the buyer.
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
15.71%
Cash-on-Cash
-4.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93