Updated Dec 21, 2023
Berkshire Hathaway HomeServices Acquires Multifamily Property In Winchester, MA For $1.35M
84-86 Loring Avenue, Winchester, Massachusetts, USA
$1,350,000
$342/SF
Building Size
3,942 SF
Asset Type
MultiFamily
Closing
Mar 25, 2021
About this deal
AI
The multifamily property located at 84-86 Loring Avenue in Winchester, MA was recently sold for $1,350,000. The transaction took place on March 26, 2021. This property spans across 3,942 square feet, resulting in a price per square foot of $342.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 84-86 Loring Avenue, Winchester, MA
- Market: Winchester, MA
- Seller's Rep: The Lorrie Parajeckas Group - Compass
- Buyer's Rep: Frederick Pizzi - Berkshire Hathaway HomeServices Commonwealth Real Estate
The Lorrie Parajeckas Group from Compass represented the seller in this transaction, while Frederick Pizzi from Berkshire Hathaway HomeServices Commonwealth Real Estate represented the buyer. The sale of this multifamily property showcases the expertise and commitment of these real estate professionals.
Winchester 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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93