Coldwell Banker Realty Represents Buyer And Seller In $1.792M Boston Multifamily Sale
SOLD
$1,792,000
Massachusetts
See Similar DealsMultiFamily3,615 SF
Sold 08/31/2021
SOLD
Coldwell Banker Realty Represents Buyer And Seller In $1.792M Boston Multifamily Sale
11 Harvard Terrace, Allston, MA 02134, USA
See Similar DealsMultiFamily3,615 SF
Sold 08/31/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$495
Total Square Footage:3,615 SF
Transaction Type:Sale
A multifamily property located at 11 Harvard Terrace in Boston, MA has been sold in a recent transaction. The property consists of 3 units with a total square footage of 3,615. The sale price for the property was $1,792,000, translating to a price per unit of $597,333 and a price per square foot of $496.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,792,000
- Address: 11 Harvard Terrace, Boston, MA
- Market: Boston, MA
The buyer's representative in this transaction was Anthony Coppola from Coldwell Banker Realty, while the seller's representative was Nelson Otuechere from NCO Realty Group Inc.
It is noteworthy that the asking price for the property was $1,815,000, indicating a successful negotiation resulting in a sale price of $1,792,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$95,573.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,366.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,494.99
Annual Debt Service$101,939.93
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