Heath Properties Acquires Multifamily Property In Winthrop, MA For $1M
76 Fremont Street, Winthrop, Massachusetts 02152, United States
$1,000,000
$307/SF
Building Size
3,251 SF
Asset Type
MultiFamily
Closing
Feb 28, 2022
AI
The multifamily property located at 76 Fremont St in Winthrop, MA has been sold in a recent transaction. The property spans a total area of 3,251 square feet and was sold for a price of $1,000,000, resulting in a price per square foot of $308. The sale took place on 03/01/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Market: Winthrop, MA
- Buyer's Rep: Keith Beardsley - Heath Properties
- Seller's Rep: Kenneth Kirk - Engel & Volkers South Boston
Keith Beardsley from Heath Properties represented the buyer in this transaction, while Kenneth Kirk from Engel & Volkers South Boston represented the seller. The successful sale of this multifamily property showcases the expertise and diligence of these professionals in the real estate industry.
Players
Winthrop MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93