Kenneth Gordon Sells Condo In Boston, MA For $1.195M Via Douglas Elliman
SOLD
$1,195,000
Massachusetts
See Similar Deals1,900 SF
Sold 04/04/2022
SOLD
Kenneth Gordon Sells Condo In Boston, MA For $1.195M Via Douglas Elliman
159 West Third Street, South Boston Naval Annex, Massachusetts 02127, United States
See Similar Deals1,900 SF
Sold 04/04/2022
Summary
MASSACHUSETTS
Price Per Square Foot:$628
Total Square Footage:1,900 SF
Transaction Type:Sale
The property at 159 W 3rd St, Boston, MA is a condo with a sale price of $1,195,000. Spanning 1,900 square feet, the asset was sold for $200,000 less than the asking price of $1,395,000, translating to a price per square foot of $629.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $1,195,000
- Seller: Kenneth Gordon
- Brokers: Craig Brody & Rami Mitias - Douglas Elliman
Craig Brody and Rami Mitias from Douglas Elliman represented the seller, Kenneth Gordon, in the deal. The transaction, which took place on 04/04/2022, involved a successful negotiation resulting in the property being sold for $1,195,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$63,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,245.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,664.91
Annual Debt Service$67,978.92
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