Updated May 12, 2025
Dan Pouladian & Sara Pouladian Of Northshore Realty Advisors Procure Buyer For Multifamily Sale In Melrose For $18.75M
485 Pleasant Street
$18,750,000
$391/SF
Building Size
47,956 SF
Asset Type
MultiFamily
Closing
Apr 30, 2025
About this deal
AI
The asset involved in the transaction is a multifamily property located at 485 Pleasant Street in Melrose, MA. The sale price of the property was $18,750,000, spanning a total area of 47,956 square feet, equating to a price per square foot of $390.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $18,750,000
- Square Footage: 47,956
- Price Per Square Foot: $390
- Address: 485 Pleasant Street
- Market: Melrose, MA
- Buyer's Representative: Dan Pouladian & Sara Pouladian - Northshore Realty Advisors
Dan and Sara Pouladian, representing North Shore Realty Advisors, procured the buyer for the Pleasant Street Portfolio. North Shore Realty Advisors extends congratulations to all parties involved in the transaction.
On the Map
$18,750,000
$391/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
0.85%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93