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49 Siren Street

Charlesgate Realty Group Sells Winthrop Multifamily Asset For $1.9M
SOLDMultiFamily

Charlesgate Realty Group Sells Winthrop Multifamily Asset For $1.9M

49 Siren Street & 49r Siren Street

$1,900,000

$290/SF

Building Size

6,544 SF

Asset Type

MultiFamily

Closing

Jun 12, 2024

AI

The multifamily property located at 49 & 49R Siren Street in Winthrop, MA, was sold for a total of $1,900,000. The properties feature a combined total of 11 bedrooms spread across multiple units on two lots, spanning over 12,000 square feet.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,900,000
  • Units: 7
  • Price per Unit: $271,429
  • Square Footage: 3,272
  • Price per Square Foot: $581
  • Address: 49 & 49R Siren Street, Winthrop, MA
  • Market: Winthrop, MA

The sale was facilitated by Cathie Curran & Mary Ann Cash from Charlesgate Realty Group, representing the deal as the brokers.

Players

Cathie Curran

Charlesgate Realty Group

Broker

$4.3M

vol

3 deals

Broker

Winthrop MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93