Updated Sep 9, 2024
Steven W Trulli Sells 6-Unit Multifamily In Melrose, MA For $1.9M
51 Lynde Street
$1,900,000
$355/SF
Building Size
5,352 SF
Asset Type
MultiFamily
Closing
Apr 7, 2023
About this deal
AI
A multifamily property located at 51 Lynde Street in Melrose, MA has recently been sold for $1,900,000. The property consists of 6 units with an average price per unit of $316,667. It has a total area of 5,352 square feet, translating to a price per square foot of $355.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,900,000
- Units: 6
- Price Per Unit: $316,667
- Square Feet: 5,352
- Price Per Square Foot: $355
- Address: 51 Lynde Street, Melrose, MA
The seller of the property was Steven W Trulli. The transaction was facilitated by Nicholas Zolotas from Herrick Lutts Realty Partners acting as the broker.
Market 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93