Updated Dec 4, 2024
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
4,626 SF
Asset Type
MultiFamily
Closing
Jul 2, 2024
About this deal
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:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Units: 4
- Price Per Unit: $400,000
- Square Footage: 4,626
- Price Per Square Foot: $346
- Buyer's Representative: Ella Goren - Sunrise Realty & Investment
- Seller's Representative: Erica Gore - Century 21
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.
On the Map
$1,600,000
$115/SF
MultiFamily
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Players
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93