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76 Fellsview Road

Multifamily Property At 76 Fellsview Road Sold For $1.21M With Paul Cirignano As The Broker
SOLDMultiFamily

Multifamily Property At 76 Fellsview Road Sold For $1.21M With Paul Cirignano As The Broker

76 Fellsview Road

$1,210,000

$309/SF

Building Size

3,906 SF

Asset Type

MultiFamily

Closing

Jul 26, 2024

AI

The property at 76 Fellsview Road is a legal 3-family home located in Stoneham, MA, featuring a total square footage of 3,906. The property was sold for $1,210,000, with a price per square foot of $310. It sits on a 30,000 sq ft corner lot, making it suitable for investors or families seeking multi-generational living. The home includes updated units with hardwood floors, sunrooms, and provides ample parking. It is conveniently located near Fells Reservation and the MBTA station.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,210,000
  • Sale Date: 07/26/2024
  • Address: 76 Fellsview Road
  • Market: Stoneham, MA
  • Square Footage: 3,906
  • Price Per Square Foot: $310
  • Broker: Paul Cirignano - The Synergy Group

The transaction was facilitated by broker Paul Cirignano from The Synergy Group, who represented the interests involved in the sale of this multifamily property.

Players

Paul Cirignano

The Synergy Group

Broker

$31.4M

vol

6 deals

Broker

Stoneham 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

13.11%

Cash-on-Cash

-3.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93