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Sandeep Arora & Maria Ledo Close $1.66M Multifamily Sale In Reading, MA

Property Image
SOLD
$1,660,000
Maria Ledo
Sandeep Arora

Massachusetts

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MultiFamily9,800 SF
Sold 04/02/2024
the dealplayerscompscontact
Property Image
SOLD

Sandeep Arora & Maria Ledo Close $1.66M Multifamily Sale In Reading, MA

91 Green Street & 93 Green Street

See Similar Deals
MultiFamily9,800 SF
Sold 04/02/2024
Maria Ledo
Sandeep Arora
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$169
Total Square Footage:9,800 SF
Transaction Type:Sale

This new construction 2-family home at 91-93 Green St in Reading, MA, was sold for $1,660,000. It features spacious living areas, a designer kitchen, and a home office. Conveniently located near the center of Reading, the property offers easy access to amenities, transportation, and major highways.

Summary of transaction details:

The transaction at 91-93 Green St involved Sandeep Arora from NextHome Luxury Realty as the buyer's representative and Maria Ledo from Pena Realty Corporation as the seller's representative.

Players

Maria Ledo
Pena Realty Corporation
Maria Ledo
1 deal$1.7M volume(978) 609-1670
BROKER
Sandeep Arora
NextHome
Sandeep Arora
1 deal$1.7M volume(857) 361-9307
BROKER

Details

SOLD
IMAGE: Maria Ledo & Sandeep Arora DATE: 04/02/2024 ADDRESS: 91-93 Green Street MARKET: Reading, MA ASSET TYPE: Multifamily BUYER'S REP: Sandeep Arora - NextHome Luxury Realty (@NextHomeLuxuryRealty) SELLER'S REP: Maria Ledo (@MariaLedoRE) - Pena Realty Corporation (@PenaRealtyCorp) SALE PRICE: $1,660,000 SF: 4,900 ~ PPSF: $339 NOTE: This new construction 2-family home at 91-93 Green St in Reading, MA, sold for $1,660,000 after a significant price reduction. Conveniently located near the center of Reading, it offers spacious living areas, designer kitchen, and a home office, with easy access to amenities, transportation, and major highways.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$88,533.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,897.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,869.25
Annual Debt Service$94,430.96