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Fairfield Realty Brokers $2.55M Sale Of Multifamily Property On Wellington St

Property Image
SOLD
$2,550,000

Massachusetts

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MultiFamily3,290 SF
Sold 06/17/2022
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Property Image
SOLD

Fairfield Realty Brokers $2.55M Sale Of Multifamily Property On Wellington St

10 Wellington Street, Boston, Massachusetts 02118, United States

See Similar Deals
MultiFamily3,290 SF
Sold 06/17/2022
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$775
Total Square Footage:3,290 SF
Transaction Type:Sale

Located at 10 Wellington St in Boston, MA, this multifamily property was recently sold in a closed transaction. The sale was facilitated by broker Paul Gleason from Fairfield Realty. The property spans a total of 3,290 square feet, with each square foot valued at $775. The transaction closed on June 17, 2022, with a sale price of $2,550,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,550,000
  • Location: 10 Wellington St, Boston, MA
  • Broker: Paul Gleason - Fairfield Realty
  • Square Footage: 3,290
  • Price Per Square Foot: $775

This transaction showcases the expertise of Paul Gleason from Fairfield Realty in successfully representing the parties involved in the deal. It highlights the strong demand for multifamily properties in the Boston market, with the sale price reflecting the value of this particular property. The successful closing of the transaction on June 17, 2022, is a testament to the skills and knowledge of the broker and the attractiveness of the asset.

Players

6 deals$57.2M volume
BROKER

Details

SOLD
IMAGE: Paul Gleason DATE: 06/17/2022 ADDRESS: 10 Wellington St MARKET: Boston, MA ASSET TYPE: Multifamily BROKER: Paul Gleason - Fairfield Realty (@Fairfield_Realty) SALE PRICE: $2,550,000 SF: 3,290 ~ PPSF: $775

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
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