Updated Dec 4, 2024
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
About this deal
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.
On the Map
$1,210,000
$309/SF
MultiFamily
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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