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11 Herbertson Road

Insight Realty Group Sells Multifamily Property On Herbertson Road, Boston, MA For $1.32M
SOLDMultiFamily

Insight Realty Group Sells Multifamily Property On Herbertson Road, Boston, MA For $1.32M

11 Herbertson Road

$1,320,000

$379/SF

Building Size

3,479 SF

Asset Type

MultiFamily

Closing

Dec 11, 2023

AI

A multifamily property located at 11 Herbertson Road in Boston, MA, was sold for $1.32 million. The property spans a total area of 3,479 square feet, resulting in a price per square foot of $379.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,320,000
  • SF: 3,479
  • PPSF: $379
  • Address: 11 Herbertson Road, Boston, MA
  • Market: Boston, MA

The buyer, represented by Peter Loftus of William Raveis Real Estate - Newton, acquired the property. On the other hand, Steven Musto from Insight Realty Group served as the seller's representative in the deal.

Players

Steven Musto

Insight Realty Group

Broker

$6.8M

vol

5 deals

Broker

Jamaica Plain 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

12.02%

Cash-on-Cash

-3.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93