LAER Realty Partners Acquires Multifamily Property On Winter St, Brockton, MA For $2.6M
SOLD
$2,600,000
Massachusetts
See Similar DealsMultiFamily12,360 SF
Sold 06/24/2022
SOLD
LAER Realty Partners Acquires Multifamily Property On Winter St, Brockton, MA For $2.6M
60 Winter Street, Brockton, Massachusetts 02302, United States
See Similar DealsMultiFamily12,360 SF
Sold 06/24/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$210
Total Square Footage:12,360 SF
Transaction Type:Sale
The multifamily property located at 60-64 Winter St in Brockton, MA has been sold for $2,600,000. The property spans an area of 12,360 square feet, resulting in a price per square foot of $210.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Address: 60-64 Winter St, Brockton, MA
- Market: Brockton, MA
- Seller's Representative: Charles Lima - Keller Williams Realty
- Buyer's Representative: Jesse Malzone - LAER Realty Partners
The sale of this multifamily property was facilitated by Charles Lima from Keller Williams Realty, representing the seller, and Jesse Malzone from LAER Realty Partners, representing the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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