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
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