Morgan Franklin Group Acquires Back Bay Condo For $2.5M
SOLD
$2,600,000
Massachusetts
See Similar Deals2,122 SF
Sold 06/14/2020
SOLD
Morgan Franklin Group Acquires Back Bay Condo For $2.5M
43 Commonwealth Ave
See Similar Deals2,122 SF
Sold 06/14/2020
Summary
MASSACHUSETTS
Price Per Square Foot:$1,225
Total Square Footage:2,122 SF
Transaction Type:Sale
A condominium located at 43 Commonwealth Ave in Back Bay has been sold. The property features a total square footage of 2,122 and was sold for a price of $2,525,000. The asking price for this condo was $2,600,000, with a price per square foot of $1,190.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,525,000
- Address: 43 Commonwealth Ave, Back Bay
- Square Footage: 2,122
- Asking Price: $2,600,000
- Price per Square Foot: $1,190
The sale of this condominium was facilitated by Morgan Franklin from The Morgan Franklin Group and Tracy Campion from Campion & Company Fine Homes Real Estate.
Please note that the transaction has been successfully completed.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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