Andersen Group Realty Acquires Multifamily Property In Winchester, MA For $1.375M
SOLD
Massachusetts
See Similar DealsMultiFamily4,395 SF
Sold 05/27/2020
SOLD
Andersen Group Realty Acquires Multifamily Property In Winchester, MA For $1.375M
8-10 Winter Street, Winchester, Massachusetts, USA
See Similar DealsMultiFamily4,395 SF
Sold 05/27/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$312
Total Square Footage:4,395 SF
Transaction Type:Sale
Located at 8-10 Winter St in Winchester, MA, this multifamily property was recently sold for a total price of $1,375,000. The property spans over 4,395 square feet, resulting in a price per square foot of $313. The transaction took place on 05/27/2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,375,000
- Address: 8-10 Winter St, Winchester, MA
- Market: Winchester, MA
Seller's representative for this deal was Mark Sullivan from T.A. Sullivan Agency Inc. On the buyer's side, Sven Andersen represented the Andersen Group Realty and Keller Williams Realty Boston Northwest.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$73,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,885.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,518.20
Annual Debt Service$78,218.42
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