Updated Oct 29, 2024
Newman Properties Acquires Winthrop, MA Residential Property For $6M
87 Winthrop Shore Dr, Winthrop, MA 02152, USA
$6,000,000
$573/SF
Building Size
10,467 SF
Asset Type
Other
Closing
Oct 1, 2020
About this deal
AI
The residential property located at 87-90 Winthrop Shore Drive in Winthrop, MA has been sold for a total price of $6,000,000. The property consists of 38 units, resulting in a price per unit (PPU) of $157,895.
Summary of transaction details
- Property Type: Residential
- Transaction Amount: $6,000,000
- Units: 38
- Price Per Unit (PPU): $157,895
- Address: 87-90 Winthrop Shore Drive, Winthrop, MA
- Market: Winthrop, MA
The buyer of the property is Newman Properties, represented by Matthew Newman.
The other sale at 87 Winthrop Shore Dr, Winthrop, MA 02152, USA in Winthrop, Massachusetts sold for $6M in 2020. Reported inventory is 10,467 square feet across 38 units, or about 573 per square foot. Named participants on the 87 Winthrop Shore Dr, Winthrop, MA 02152, USA sale are Matthew Newman. This page is the Winthrop, Massachusetts file for the 87 Winthrop Shore Dr, Winthrop, MA 02152, USA other sold: pricing, party profiles, and other closed other comps from the same Winthrop sit in the Market section below. Filter that Winthrop other set by closing date to see what else sold near 87 Winthrop Shore Dr, Winthrop, MA 02152, USA around 2020. Published consideration for 87 Winthrop Shore Dr, Winthrop, MA 02152, USA is $6M, dated 2020. Cite this Newman Properties Acquires Winthrop, MA Residential Property For $6M sale when underwriting similar other product around Winthrop, Massachusetts.
Winthrop Other Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93