Updated Sep 5, 2024
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
About this deal
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.
On the Map
$1,600,000
$301/SF
MultiFamily
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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