Updated Dec 21, 2023
RE/MAX Unlimited Acquires Multifamily Property In Boston For $1.1M
106-108 Kenrick Street, Boston, Massachusetts 02135, United States
$1,100,000
$470/SF
Building Size
2,340 SF
Asset Type
MultiFamily
Closing
Jan 17, 2022
About this deal
AI
An undisclosed multifamily property located at 106-108 Kenrick St in Boston, MA has been sold for a total price of $1,100,000. The property consists of 2 units with a price per unit (PPU) of $550,000. Spanning across 2,340 square feet, the property's price per square foot (PPSF) stands at $470. The transaction took place on January 18, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 2
- Price Per Unit (PPU): $550,000
- Square Feet: 2,340
- Price Per Square Foot (PPSF): $470
Elias Papadopoulos from RE/MAX Unlimited represented the buyer in this transaction, while Ada Cimpeanu from RE/MAX Prof Associates acted as the seller's representative.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93