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Weinstien Associates Acquires Charlestown Multifamily For $3M

Property Image
SOLD
$3,000,000
Justin Pepple

Massachusetts

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MultiFamily5,200 SF
Sold 06/14/2023
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Property Image
SOLD

Weinstien Associates Acquires Charlestown Multifamily For $3M

5 Adams St Charlestown, MA 02129, USA

See Similar Deals
MultiFamily5,200 SF
Sold 06/14/2023
Justin Pepple
Contact now

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.

Players

Justin Pepple
13 deals$44.5M volume(781) 307-7752
BROKER

Ryan Taylor
Fortune Realty
41 deals$160.2M volume(774) 270-4020
BROKER

Details

SOLD
IMAGE: Ryan Taylor & Justin Pepple DATE: 06/14/2023 ADDRESS: 5 Adams Street MARKET: Charlestown, MA ASSET TYPE: Multifamily BUYER: Weinstien Associates - Peter Weinstein SELLER: Yieldi BROKERS: Ryan Taylor (@RyKittyPur) & Justin Pepple (@TheRealest_JP) - Fortune Realty (@Fortune_Boston) SALE PRICE: $3,000,000 UNITS: 2 ~ PPU: $1,500,000 SF: 5,200 ~ PPSF: $577

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Deal Type
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