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104-106 Wayland St, Boston,...

Vincent Forzese Acquires Multifamily Property In Boston For $1.24M
SOLDMultiFamily

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

Kerry Dowlin

Leading Edge Real Estate

Broker

$11.9M

vol

9 deals

Broker

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

12.84%

Cash-on-Cash

-3.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93