Dan Pouladian & Sara Pouladian Of Northshore Realty Advisors Procure Buyer For Multifamily Sale In Melrose For $18.75M
SOLD
$18,750,000
Massachusetts
See Similar DealsMultiFamily47,956 SF
Sold 05/01/2025
SOLD
Dan Pouladian & Sara Pouladian Of Northshore Realty Advisors Procure Buyer For Multifamily Sale In Melrose For $18.75M
485 Pleasant Street
See Similar DealsMultiFamily47,956 SF
Sold 05/01/2025
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$391
Total Square Footage:47,956 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,000,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$66,614.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$88,884.57
Annual Debt Service$1,066,614.79
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