Crowd Lending Fund One Sells Winthrop Multifamily For $2.03M With Buyer's Rep Boston Trust Realty Group & Seller's Rep MIG Realty
SOLD
$2,031,500
Massachusetts
See Similar DealsMultiFamily4,704 SF
Sold 04/23/2021
SOLD
Crowd Lending Fund One Sells Winthrop Multifamily For $2.03M With Buyer's Rep Boston Trust Realty Group & Seller's Rep MIG Realty
95-97 Summit Ave, Winthrop, Massachusetts, USA
See Similar DealsMultiFamily4,704 SF
Sold 04/23/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$431
Total Square Footage:4,704 SF
Transaction Type:Sale
The multifamily property located at 95-97 Summit Ave in Winthrop, MA has been sold for a total price of $2,031,500. The property spans across 4,704 square feet, resulting in a price per square foot of $432. It consists of 4 units, with each unit being valued at $507,875.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,031,500
- Date: 04/23/2021
- Address: 95-97 Summit Ave, Winthrop, MA
- Seller: Crowd Lending Fund One
- Brokers: Robert Nichols, Anthony Jean-Baptiste, and Daniel Jeannite - Boston Trust Realty Group and MIG Realty
Robert Nichols, Anthony Jean-Baptiste, and Daniel Jeannite, representing Boston Trust Realty Group and MIG Realty, facilitated the sale of this multifamily property. Their expertise and negotiation skills played a crucial role in finalizing the transaction.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$108,346.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,217.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,630.35
Annual Debt Service$115,564.16
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