Compass' Ethan Goodrich Acquires Boston Condo On Marlborough St. For $1.4M
SOLD
$1,400,000
Massachusetts
See Similar Deals1,056 SF
Sold 03/08/2021
SOLD
Compass' Ethan Goodrich Acquires Boston Condo On Marlborough St. For $1.4M
257 Marlborough Street, Boston, Massachusetts, USA
See Similar Deals1,056 SF
Sold 03/08/2021
Summary
MASSACHUSETTS
Price Per Square Foot:$1,325
Total Square Footage:1,056 SF
Transaction Type:Sale
Located at 257 Marlborough St. in Boston, Massachusetts, this recently sold property is a condo with a total area of 1,056 square feet. The transaction took place on March 8, 2021, and the sale price was $1,400,000, resulting in a price per square foot of $1,3256. The property features a desirable location in the heart of Boston.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,400,000
- Square Footage: 1,056
- Address: 257 Marlborough St., Boston, MA
The seller's representative for this transaction was Carmela Laurella from CL Properties, while Ethan Goodrich from The Goodrich Team at Compass represented the buyer. Both agents played a crucial role in facilitating the successful sale of this condo. The property's sale price emphasizes its value and attractiveness in the Boston real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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