Weinstien Associates Acquires Charlestown Multifamily For $3M
SOLD
$3,000,000
Massachusetts
See Similar DealsMultiFamily5,200 SF
Sold 06/14/2023
SOLD
Weinstien Associates Acquires Charlestown Multifamily For $3M
5 Adams St Charlestown, MA 02129, USA
See Similar DealsMultiFamily5,200 SF
Sold 06/14/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$576
Total Square Footage:5,200 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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