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17 Michigan Ave, Miami Beac...

Closing Table Group Acquires Multifamily Property On Michigan Ave In Boston For $1.6M
SOLDMultiFamily

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.

Players

Benjamin Bern

Keller Williams Realty

Broker

$9.2M

vol

5 deals

Broker

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