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.
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
12.39%
Cash-on-Cash
-3.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93