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585 Shirley Street

The Reference Group & Cathie Curran Facilitate $1.28M Sale Of Multifamily Asset In Winthrop
SOLDMultiFamily

The Reference Group & Cathie Curran Facilitate $1.28M Sale Of Multifamily Asset In Winthrop

585 Shirley Street

$1,280,000

$298/SF

Building Size

4,294 SF

Asset Type

MultiFamily

Closing

May 17, 2024

AI

A multifamily property located at 585 Shirley Street in Winthrop, MA, was sold for $1.28 million. The property spans 4,294 square feet, resulting in a price per square foot of $298.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,280,000
  • Address: 585 Shirley Street
  • Market: Winthrop, MA
  • Buyer's Rep: The Reference Group - Reference Real Estate
  • Seller's Rep: Cathie Curran - Charlesgate Realty Group

The Reference Group of Reference Real Estate represented the buyer in this transaction, while Cathie Curran of Charlesgate Realty Group served as the seller's representative.

Players

Cathie Curran

Charlesgate Realty Group

Broker

$4.3M

vol

3 deals

Broker

Winthrop 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

12.39%

Cash-on-Cash

-3.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93