Updated Dec 21, 2023
LAER Realty Partners/LAER LUX Acquires Multifamily Property In Winchester, MA For $1.4M
6-8 Richardson St, Winchester, Massachusetts, USA
$1,400,000
$387/SF
Building Size
3,615 SF
Asset Type
MultiFamily
Closing
Oct 8, 2021
About this deal
AI
The multifamily property located at 6-8 Richardson St in Winchester, MA has been sold for a price of $1,400,000. The property spans 3,615 square feet, resulting in a price per square foot of $387. The transaction took place on 10/08/2021, and the sale was facilitated by broker Tammy McKenney from LAER Realty Partners/LAER LUX.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 6-8 Richardson St, Winchester, MA
- Market: Winchester, MA
- Square footage: 3,615
- Price per square foot: $387
Tammy McKenney from LAER Realty Partners/LAER LUX served as the broker for this transaction.
Players
Winchester 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93