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Manny Pires Of Vicente Realty Represents Buyer In $1.2M Sale Of Boston Multifamily Property

Property Image
SOLD
$1,200,000
Tony Pepdjonovic
Manny Pires

Massachusetts

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MultiFamily3,618 SF
Sold 08/20/2024
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Property Image
SOLD

Manny Pires Of Vicente Realty Represents Buyer In $1.2M Sale Of Boston Multifamily Property

11 Mora Street

See Similar Deals
MultiFamily3,618 SF
Sold 08/20/2024
Tony Pepdjonovic
Manny Pires
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$331
Total Square Footage:3,618 SF
Transaction Type:Sale

11 Mora Street is a multifamily property located in Boston, MA that sold for $1,200,000. The asset comprises three units, offering a total square footage of 3,618 and priced at $332 per square foot. The property generates rental income of $8,848 per month and includes two parking spaces.

Summary of transaction details:

The transaction highlights the involvement of Manny Pires representing the buyer through Vicente Realty and Tony Pepdjonovic representing the seller from Marcus & Millichap, facilitating this multifamily property deal near Ashmont Station.

Players

Tony Pepdjonovic
Marcus & Millichap
Tony Pepdjonovic
77 deals$383.6M volume
BROKER
Manny Pires
Vicente Realty
Manny Pires
1 deal$1.2M volume(617) 699-8777
BROKER

Details

SOLD
IMAGE: Manny Pires & Tony Pepdjonovic DATE: 08/20/2024 ADDRESS: 11 Mora Street MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Manny Pires - Vicente Realty SELLER'S REP: Tony Pepdjonovic - Marcus & Millichap (@MarcusMillichapinc) SALE PRICE: $1,200,000 SF: 3,618 ~ PPSF: $332 NOTE: 11 Mora Street in Boston sold for $1.2 million, achieving a 7.6% cap rate for a three-unit property generating $8,848 per month in rental income. Located near Ashmont Station, the property features spacious 3-bedroom units, is priced at $332 per square foot, and includes two parking spaces.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$64,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,263.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,688.61
Annual Debt Service$68,263.35