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:
- 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.
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