Coldwell Banker Realty Acquires Multifamily Asset In Boston, MA For $1.003M
SOLD
$1,003,000
Massachusetts
See Similar DealsMultiFamily2,826 SF
Sold 03/19/2021
SOLD
Coldwell Banker Realty Acquires Multifamily Asset In Boston, MA For $1.003M
1-3 Bearse Avenue, Boston, MA, USA
See Similar DealsMultiFamily2,826 SF
Sold 03/19/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$354
Total Square Footage:2,826 SF
Transaction Type:Sale
The multifamily property located at 1-3 Bearse Avenue in Boston, MA has been sold for a total price of $1,003,000. The transaction took place on March 19, 2021. The property spans a total area of 2,826 square feet, resulting in a price per square foot of $355.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,003,000
- Address: 1-3 Bearse Avenue, Boston, MA
- Square Footage: 2,826
- Price per Square Foot: $355
The seller's representative for this transaction was Martin Laird from Coldwell Banker Realty - Brookline. On the other hand, the buyer's representative was Michael Cherry from Coldwell Banker Realty - Milton.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,493.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,563.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,754.73
Annual Debt Service$57,056.78
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