Closing Table Group Acquires Multifamily Property On Michigan Ave In Boston For $1.6M
SOLD
$1,600,000
Florida
See Similar DealsMultiFamily5,316 SF
Sold 11/01/2021
SOLD
Closing Table Group Acquires Multifamily Property On Michigan Ave In Boston For $1.6M
17 Michigan Ave, Miami Beach, FL, USA
See Similar DealsMultiFamily5,316 SF
Sold 11/01/2021
Summary
FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$301
Total Square Footage:5,316 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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