Maurice Steinman Acquires Condo In Boston, MA For $1.675M With Buyer's Rep Vincent Rizzo & Seller's Rep Michael Harper
SOLD
$1,675,000
Massachusetts
See Similar Deals1,116 SF
Sold 03/30/2020
SOLD
Maurice Steinman Acquires Condo In Boston, MA For $1.675M With Buyer's Rep Vincent Rizzo & Seller's Rep Michael Harper
46 Rutland Square, Boston, MA, USA
See Similar Deals1,116 SF
Sold 03/30/2020
Summary
MASSACHUSETTS
Price Per Square Foot:$1,500
Total Square Footage:1,116 SF
Transaction Type:Sale
The condominium located at 46 Rutland Square in Boston, MA was recently sold in a closed transaction. The property, which has a square footage of 1,116, was listed for sale with an asking price of $1,625,000.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,675,000
The seller of the condominium was William Schroeder, while the buyer was Maurice Steinman. Representing the seller was Michael Harper from MGS Group, and representing the buyer was Vincent Rizzo from Keller Williams Boston-Metro. The sale price of the property was $1,675,000, resulting in a price per square foot of $1,501.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$89,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,950.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,940.35
Annual Debt Service$95,284.25
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