Updated Dec 21, 2023
Nathan Hoag's J.Borstell Real Estate Represents Buyer In $1.85M Condo Sale On Melrose St. In Boston
48-50 Melrose Street, Boston, Massachusetts, USA
$1,850,000
$1,104/SF
Building Size
1,675 SF
Asset Type
—
Closing
Sep 10, 2021
About this deal
AI
A condo unit located at 48-50 Melrose St. Unit 4 in Boston, MA has been sold. The transaction took place on 09/10/2021. The property was represented by Nathan Hoag from J.Borstell Real Estate acting as the buyer's representative and Kyle Kaagan from Gibson Sothebys International Realty acting as the seller's representative.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,850,000
- Address: 48-50 Melrose St. Unit 4, Boston, MA
- Market: Boston, MA
The condo unit was listed with an asking price of $1,875,000. It offers approximately 1,675 square feet of living space. The sale price of the property was $1,850,000, resulting in a price per square foot of $1,104.
Contact Information for Nathan Hoag, the buyer's representative, can be reached at (978) 319-5496 or via email at [email protected].
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93