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76 Fremont Street, Winthrop...

Heath Properties Acquires Multifamily Property In Winthrop, MA For $1M
SOLDMultiFamily

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

Keith Beardsley

Broker

$9M

vol

3 deals

Broker

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