RCG LLC Acquires Property At 87 Winthrop Shore Dr Winthrop MA For $5.2M With Seller's Rep Gina Barroso
87 Winthrop Shore Dr, Winthrop, MA 02152, USA
$5,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 20, 2023
AI
The transaction involved a two-building, 38-unit apartment complex located at 87 and 90 Winthrop Shore Drive in Winthrop, MA. RCG LLC purchased the property for $5,200,000.00. The complex consists of two 19-unit apartment buildings featuring a mix of studio, one-bedroom, and two-bedroom layouts, and spans an area of 0 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,200,000.00
- Address: 87 Winthrop Shore Dr, Winthrop, MA
- Market: Winthrop
- Seller's Representative: Gina Barroso-NAI Hunneman
- Buyer: RCG LLC
Robert Tito and Gina Barroso of NAI Hunneman represented the seller and procured the buyer in this transaction, facilitating the sale between Winthrop Shore Drive and RCG LLC.
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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93