SOLDOther
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
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.
Winthrop Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
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