Updated Sep 9, 2024
Coldwell Banker Realty Represents Buyer And Seller In $1.792M Boston Multifamily Sale
11 Harvard Terrace, Allston, MA 02134, USA
$1,792,000
$495/SF
Building Size
3,615 SF
Asset Type
MultiFamily
Closing
Aug 31, 2021
About this deal
AI
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.
On the Map
$1,792,000
$495/SF
MultiFamily
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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
8.85%
Cash-on-Cash
-2.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93