Acorn Management Acquires Multifamily In Winthrop, MA For $5.25M
6 Jefferson Street
$5,250,000
$262/SF
Building Size
20,000 SF
Asset Type
MultiFamily
Closing
Jul 27, 2022
AI
The multifamily property located at 6 Jefferson St in Winthrop, MA has been sold in a closed transaction. The property consists of 24 units with a total square footage of 20,000. The sale price for this transaction was $5,250,000, resulting in a price per unit of $218,750 and a price per square foot of $263.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,250,000
- Units: 24
- Price per Unit: $218,750
- Square Footage: 20,000
- Price per Square Foot: $263
The buyer of the property is Acorn Management, while the seller is Jeff LLC. The transaction was facilitated by Kevin Benzinger & Ryan McDonald from Boston Realty Advisors representing their respective parties.
Players
Cambridge 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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93