Vincent Forzese Acquires Multifamily Property In Boston For $1.24M
104-106 Wayland St, Boston, MA 02125
$1,235,000
$274/SF
Building Size
4,498 SF
Asset Type
MultiFamily
Closing
Dec 17, 2021
AI
A multifamily property located at 104-106 Wayland St in Boston, MA has been sold for $1,235,000. The transaction took place on December 17, 2021. The property consists of three units with a total square footage of 4,498. The price per unit was approximately $411,667, and the price per square foot was $275.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,235,000
- Address: 104-106 Wayland St, Boston, MA
- Market: Boston, MA
- Buyer's Rep: Vincent Forzese - Realty One Group Nest
- Seller's Rep: Kerry Dowlin - Leading Edge Real Estate
- Units: 3
- Price per Unit: $411,667
- Total Square Footage: 4,498
- Price per Square Foot: $275
Vincent Forzese from Realty One Group Nest represented the buyer in this transaction, while Kerry Dowlin from Leading Edge Real Estate represented the seller. These individuals played crucial roles in facilitating the sale of the multifamily property at 104-106 Wayland St. Boston, MA.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.84%
Cash-on-Cash
-3.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93