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59 Coral Avenue

Ella Goren Of Sunrise Realty & Investment Represents Buyer In $1.6M Winthrop Multifamily Sale
SOLDMultiFamily

Ella Goren Of Sunrise Realty & Investment Represents Buyer In $1.6M Winthrop Multifamily Sale

59 Coral Avenue, 61 Coral Avenue & 63 Coral Avenue

$1,600,000

$115/SF

Building Size

13,878 SF

Asset Type

MultiFamily

Closing

Jul 2, 2024

AI

The property asset involved in this transaction is a multifamily building located at 59-61-63 Coral Avenue, Winthrop, MA. The legal 4-unit building sold for $1,600,000, with a price per unit of $400,000. The total square footage of the property is 4,626, resulting in a price per square foot of $346.

Summary of transaction details:

The deal highlights the involvement of Ella Goren representing the buyer through Sunrise Realty & Investment, while Erica Gore facilitated the sale for the seller in association with Century 21. This transaction reflects the collaboration of experienced professionals in the real estate market.

Players

Erica Gore

Century 21

Broker

$1.6M

vol

1 deal

Broker

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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93