Morgan Franklin Group Sells Condo In Boston For $1.49M
SOLD
$1,490,000
Massachusetts
See Similar Deals2,000 SF
Sold 04/01/2022
SOLD
Morgan Franklin Group Sells Condo In Boston For $1.49M
160 West Seventh Street, South Boston Naval Annex, Massachusetts 02127, United States
See Similar Deals2,000 SF
Sold 04/01/2022
Summary
MASSACHUSETTS
Price Per Square Foot:$745
Total Square Footage:2,000 SF
Transaction Type:Sale
Morgan Franklin of The Morgan Franklin Group facilitated the sale of a condo located at 160 W Seventh St in Boston, MA. The transaction took place on 04/01/2022 for a sale price of $1,490,000. The condo has a total area of 2,000 square feet, resulting in a cost per square foot of $745.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,490,000
- Address: 160 W Seventh St, Boston, MA
- Brokers: Morgan Franklin - The Morgan Franklin Group
- Square Footage: 2,000
- Cost per Square Foot: $745
This transaction was successfully facilitated by Morgan Franklin of The Morgan Franklin Group. They played a key role in connecting the buyer and seller, ensuring a smooth and efficient sale process for the condo at 160 W Seventh St in Boston, MA.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,466.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,293.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,063.36
Annual Debt Service$84,760.32
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