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10-12 Eric Rd, Boston, Mass...

Updated Dec 21, 2023

Compass Broker Lindsey Gallant Sells Boston Multifamily For $1.225M
SOLDMultiFamily

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

Lindsey Gallant

Compass

Broker

$1.2M

vol

1 deal

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $479 per square foot on a published $1.2M for 2,556 square feet (2021).

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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

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