Coldwell Banker Realty Acquires Multifamily Property In Manchester For $1.15M
SOLD
$1,150,000
Massachusetts
See Similar DealsMultiFamily2,980 SF
Sold 02/16/2022
SOLD
Coldwell Banker Realty Acquires Multifamily Property In Manchester For $1.15M
5 Sea Street, Manchester-by-the-Sea, Massachusetts 01944, United States
See Similar DealsMultiFamily2,980 SF
Sold 02/16/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$385
Total Square Footage:2,980 SF
Transaction Type:Sale
The multifamily property located at 5 Sea St in Manchester, MA has been sold for a price of $1,150,000. The property spans 2,980 square feet, resulting in a price per square foot of $386.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Date: 02/16/2022
- Address: 5 Sea St, Manchester, MA
- Market: Manchester, MA
The buyer's representative in this transaction is Christina Cunningham from Coldwell Banker Realty in Manchester. Representing the seller is Paula Polo-Filias from J. Barrett & Company.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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