Exp Realty Acquires Multifamily Property In Boston For $2.6M With Buyer's Rep Anthony Sabatino & Seller's Rep Jonathan Radford
SOLD
$2,600,000
Massachusetts
See Similar DealsMultiFamily4,843 SF
Sold 02/08/2022
SOLD
Exp Realty Acquires Multifamily Property In Boston For $2.6M With Buyer's Rep Anthony Sabatino & Seller's Rep Jonathan Radford
109 Fulton Street, Boston, Massachusetts 02109, United States
See Similar DealsMultiFamily4,843 SF
Sold 02/08/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$536
Total Square Footage:4,843 SF
Transaction Type:Sale
The multifamily property located at 109 Fulton St in Boston, MA was recently sold for $2,600,000. The property spans 4,843 square feet, resulting in a price per square foot of $537. The sale was facilitated by Jonathan Radford of Coldwell Banker Realty - Back Bay, representing the seller, and Anthony Sabatino of Exp Realty, representing the buyer.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Square Footage: 4,843
- Price per Square Foot: $537
- Date: 02/08/2022
- Market: Boston, MA
The buyer's representative, Anthony Sabatino, from Exp Realty, and the seller's representative, Jonathan Radford, from Coldwell Banker Realty - Back Bay, played instrumental roles in the successful completion of this sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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