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5 Adams St Charlestown, MA ...

Weinstien Associates Acquires Charlestown Multifamily For $3M
SOLDMultiFamily

Weinstien Associates Acquires Charlestown Multifamily For $3M

5 Adams St Charlestown, MA 02129, USA

$3,000,000

$576/SF

Building Size

5,200 SF

Asset Type

MultiFamily

Closing

Jun 14, 2023

AI

This multifamily property located at 5 Adams Street in Charlestown, MA was recently sold in a closed transaction. The property consists of 2 units with a total of 5,200 square feet. The sale price for this transaction was $3,000,000, resulting in a price per unit of $1,500,000 and a price per square foot of $577.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Units: 2
  • Price per Unit: $1,500,000
  • Square Footage: 5,200
  • Price per Square Foot: $577

Weinstien Associates, represented by Peter Weinstein, acted as the buyer in this transaction. The seller was Yieldi. Fortune Realty facilitated the deal, with brokers Ryan Taylor and Justin Pepple representing both parties.

Players

Justin Pepple

Fortune Realty

Broker

$44.5M

vol

13 deals

Broker

Peter Weinstein

Buyer

$13.5M

vol

3 deals

Buyer

Boston 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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93