Closing Table Group Acquires Multifamily Property On Michigan Ave In Boston For $1.6M
17 Michigan Ave, Miami Beach, FL, USA
$1,600,000
$301/SF
Building Size
5,316 SF
Asset Type
MultiFamily
Closing
Nov 1, 2021
AI
The multifamily property located at 17 Michigan Ave in Boston, MA has been recently sold for a price of $1,600,000. The transaction took place on 11/01/2021 and was facilitated by Closing Table Group, a brokerage firm representing the seller in the deal. The property spans a total of 5,316 square feet, resulting in a price per square foot of $301.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 17 Michigan Ave, Boston, MA
- Market: Boston, MA
- Broker: Closing Table Group - Keller Williams Realty Boston-Metro | Back Bay
- Square Footage: 5,316
- Price per Square Foot: $301
Benjamin Bern's photograph showcases the multifamily property, but no further details about the property's features or amenities are available.
Miami Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93