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The Reference Group & Cathie Curran Facilitate $1.28M Sale Of Multifamily Asset In Winthrop
SOLD
$1,280,000
Massachusetts
See Similar DealsMultiFamily4,294 SF
Sold 05/17/2024
SOLD
The Reference Group & Cathie Curran Facilitate $1.28M Sale Of Multifamily Asset In Winthrop
585 Shirley Street
See Similar DealsMultiFamily4,294 SF
Sold 05/17/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$298
Total Square Footage:4,294 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$68,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,547.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,067.85
Annual Debt Service$72,814.24
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