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
$2,031,500
$431/SF
Building Size
4,704 SF
Asset Type
MultiFamily
Closing
Apr 22, 2021
AI
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
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
7.81%
Cash-on-Cash
-2.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93