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87 Winthrop Shore Dr, Winth...

RCG LLC Acquires Property At 87 Winthrop Shore Dr Winthrop MA For $5.2M With Seller's Rep Gina Barroso
SOLDMultiFamily

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

Gina Barroso

Hunneman

Broker

$5.2M

vol

1 deal

Broker
RL
RCG LLCBuyer

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