MIG Acquires Package Deal On Bartlett St In Boston For $1.24M
SOLD
$1,240,000
Massachusetts
See Similar Deals3,671 SF
Sold 03/11/2022
SOLD
MIG Acquires Package Deal On Bartlett St In Boston For $1.24M
56 Bartlett Street, Boston, Massachusetts 02129, United States
See Similar Deals3,671 SF
Sold 03/11/2022
Summary
MASSACHUSETTS
Price Per Square Foot:$337
Total Square Footage:3,671 SF
Transaction Type:Sale
A package deal consisting of two properties located at 56 Bartlett St and 58-60 Bartlett St in Boston, MA, has been sold for a total price of $1,240,000. The combined square footage of the properties is 3,671, resulting in a price per square foot of $338. The transaction took place on March 11, 2022.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $1,240,000
- Address: 56 Bartlett St & 58-60 Bartlett St, Boston, MA
- Market: Boston, MA
- Square Footage: 3,671
- Price per Square Foot: $338
Hakim Sadler and Jeff Ravelo from MIG represented the parties involved in the deal as brokers.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$66,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,405.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,878.23
Annual Debt Service$70,538.79
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