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541 Massachusetts Ave, Bost...

Updated Dec 19, 2023

Ajm Group Realty Acquires Multifamily Property In Boston For $2M
SOLD

Ajm Group Realty Acquires Multifamily Property In Boston For $2M

541 Massachusetts Ave, Boston, MA 02118, USA

$2,200,000

Building Size

Asset Type

Closing

May 28, 2020

About this deal

AI

The multifamily property located at 577 Massachusetts Ave in Boston, MA has been sold for $2,000,000. The property spans across 5,500 square feet, resulting in a price per square foot of $364. The transaction took place on November 30, 2022, and the sale was facilitated by Benjamin Mandelbraut from Ajm Group Realty, Inc. representing the buyer, and Kevin Benzinger from Boston Realty Advisors representing the seller.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,000,000
  • Address: 577 Massachusetts Ave, Boston, MA
  • Square Footage: 5,500
  • Price per Square Foot: $364
  • Buyer's Representative: Benjamin Mandelbraut - Ajm Group Realty, Inc.
  • Seller's Representative: Kevin Benzinger - Boston Realty Advisors
  • Transaction Date: November 30, 2022

Kevin Benzinger from Boston Realty Advisors represented the seller in this transaction, while Benjamin Mandelbraut from Ajm Group Realty, Inc. acted as the buyer's representative. The sale of this multifamily property at 577 Massachusetts Ave demonstrates the activity in the Boston, MA market for such assets.

Players

Eric Keyes

Broker

$2.2M

vol

1 deal

Broker

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

7.21%

Cash-on-Cash

-2.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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