Updated Oct 28, 2024
Michael Zaldumbide Acquires 2-Family Package Deal In Boston, MA For $1.35M
3 Wilbur Ct, East Boston, Massachusetts 02128, United States
$1,350,000
$413/SF
Building Size
3,265 SF
Asset Type
—
Closing
Aug 11, 2022
About this deal
AI
A package deal consisting of two 2-family properties located at 3 & 5 Wilbur Ct in Boston, MA has been sold for a total price of $1,350,000. The properties offer a combined square footage of 3,265 and were sold at an average price per square foot of $413.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $1,350,000
- Address: 3 & 5 Wilbur Ct, Boston, MA
- Square Footage: 3,265
- Price per Square Foot: $413
The buyer in this transaction is Michael Zaldumbide, while the seller is Hacobian Ohanian RT. The deal was facilitated by Michael Sulprizio of Sulprizio Real Estate, who represented both the buyer and the seller.
Note from broker: Michael Sulprizio sold both 3 and 5 Wilbur Court together, representing both the seller and the buyer.
Boston CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93