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.
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