Updated Sep 9, 2024
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
About this deal
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.
On the Map
$1,010,000
$287/SF
MultiFamily
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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