Boston Trust Realty Group Acquires Multifamily Property On River St In Boston For $797K
1017 River St, Boston, Massachusetts, USA
$797,000
$120/SF
Building Size
6,606 SF
Asset Type
MultiFamily
Closing
Nov 5, 2021
AI
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
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
19.90%
Cash-on-Cash
-5.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93