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Boston Trust Realty Group Acquires Multifamily Property On River St In Boston For $797K

Property Image
SOLD
$797,000

Massachusetts

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MultiFamily6,606 SF
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Property Image
SOLD

Boston Trust Realty Group Acquires Multifamily Property On River St In Boston For $797K

1017 River St, Boston, Massachusetts, USA

See Similar Deals
MultiFamily6,606 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$120
Total Square Footage:6,606 SF
Transaction Type:Sale

Located at 1017 River St in Boston, MA, this multifamily property was recently sold for a total price of $797,000. The sale was facilitated by brokers Robert Nichols and Julian Addy from Boston Trust Realty Group. The property consists of two units with a price per unit of $398,500. The total square footage of the property is 6,606, resulting in a price per square foot of $121.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $797,000
  • Units: 2
  • Price Per Unit: $398,500
  • Square Footage: 6,606
  • Price Per Square Foot: $121
  • Brokers: Robert Nichols & Julian Addy - Boston Trust Realty Group

The brokers, Robert Nichols and Julian Addy, played a key role in facilitating the sale of this multifamily property. They represented the buyer and seller, ensuring a successful transaction. With their expertise and knowledge of the Boston market, they were able to bring the deal to fruition.

Players

Julian Addy
22 deals$19.7M volume(646) 306-9848
BROKER

Robert Nichols
MIG Realty
44 deals$69M volume
BROKER

Boston Trust Realty Group
BROKERAGE

Details

SOLD
IMAGE: Robert Nichols & Julian Addy DATE: 11/05/2021 ADDRESS: 1017 River St MARKET: Boston, MA ASSET TYPE: Multifamily BROKERS: Robert Nichols (@RobertlNichols) & Julian Addy (@JulianAddyRealEstate) - Boston Trust Realty Group (@BTRealtyGroup) SALE PRICE: $797,000 UNITS: 2 ~ PPU: $398,500 SF: 6,606 ~ PPSF: $121

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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