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114 Gladstone St, East Bost...

EXP Realty Acquires Multifamily Property In Boston, MA For $1.43M
SOLDMultiFamily

EXP Realty Acquires Multifamily Property In Boston, MA For $1.43M

114 Gladstone St, East Boston, Massachusetts 02128, United States

$1,435,000

$382/SF

Building Size

3,757 SF

Asset Type

MultiFamily

Closing

Jul 7, 2022

AI

The multifamily property located at 114 Gladstone St in Boston, MA was recently sold. The transaction took place on 07/08/2022 with a sale price of $1,435,000. The property consists of 3 units, with an average price per unit of $478,333. The total square footage of the property is 3,757, resulting in a price per square foot of $382.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,435,000
  • Units: 3
  • Price per Unit: $478,333
  • Square Footage: 3,757
  • Price per Square Foot: $382
  • Market: Boston, MA

The buyer's representative in this deal was Ngan Vien from EXP Realty. The seller's representatives were Dan Pouladian and Sara Pouladian from North Shore Realty Advisors.

Players

Ngan Vien

EXP Realty

Broker

$3.7M

vol

3 deals

Broker

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

11.05%

Cash-on-Cash

-3.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93