Updated Dec 21, 2023
Compass Broker Lindsey Gallant Sells Boston Multifamily For $1.225M
10-12 Eric Rd, Boston, Massachusetts, USA
$1,225,000
$479/SF
Building Size
2,556 SF
Asset Type
MultiFamily
Closing
Dec 2, 2021
About this deal
AI
The recently closed transaction in Boston, MA involved a multifamily property located at 10-12 Eric Rd. This property, with a total of 2 units, was successfully sold for a price of $1,225,000. This translates to a per unit price of $612,500. The property spans across 2,556 square feet, resulting in a price per square foot of $479.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,225,000
- Units: 2
- Price per Unit: $612,500
- Square Footage: 2,556
- Price per Square Foot: $479
Lindsey Gallant, from Compass, served as the broker in this transaction. Their expertise and negotiation skills were instrumental in facilitating a successful sale. The involvement of a reputed broker like Lindsey Gallant highlights the importance of having a knowledgeable representative throughout the deal.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.95%
Cash-on-Cash
-3.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93