Broad Sound Real Estate Sells 6-Unit Multifamily In Winthrop, MA For $1.73M
566 Shirley Street, Winthrop, Massachusetts 02152, United States
$1,730,000
$311/SF
Building Size
5,553 SF
Asset Type
MultiFamily
Closing
Mar 29, 2022
AI
A multifamily property located at 566 Shirley St in Winthrop, MA was recently sold. The sale took place on 03/30/2022, and the transaction was facilitated by broker Nicholas Daher from Broad Sound Real Estate. The property consists of 6 units with a total square footage of 5,553. The sale price for the property was $1,730,000, resulting in a price per unit of $288,333 and a price per square foot of $312.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $1,730,000
- Units: 6
- Price per Unit: $288,333
- Square Footage: 5,553
- Price per Square Foot: $312
- Address: 566 Shirley St, Winthrop, MA
- Market: Winthrop, MA
Nicholas Daher from Broad Sound Real Estate represented the parties involved in the transaction.
Winthrop MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.17%
Cash-on-Cash
-2.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93