Red Tree Real Estate LLC Represents Sale Of 11 Park Dr Condo In Boston, MA For $560,000
SOLD
$560,000
Massachusetts
See Similar DealsCondo
Sold 09/01/2022
SOLD
Red Tree Real Estate LLC Represents Sale Of 11 Park Dr Condo In Boston, MA For $560,000
11 Park Drive
See Similar DealsCondo
Sold 09/01/2022
Summary
MASSACHUSETTS
Asset Type:Condo
Transaction Type:Sale
This transaction involved a condo asset located at 11 Park Dr U3 in Boston, MA. The property was sold for a price of $560,000, featuring a total square footage of 650. The price per square foot for this sale was $862.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $560,000
- Address: 11 Park Dr U3
- Market: Boston, MA
- Square Feet: 650
- Price per Square Foot: $862
Nicole Stabnikov from Red Tree Real Estate LLC represented the buyer in this transaction, while the seller was represented by Stephen Mcavenia, also from Red Tree Real Estate LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$29,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$1,989.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,654.69
Annual Debt Service$31,856.23
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