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David Cody Of Orchard Park Realty Acquires Multifamily Property In East Boston For $1.02M
SOLD
$1,020,000
Massachusetts
See Similar DealsMultiFamily3,332 SF
Sold 10/26/2023
SOLD
David Cody Of Orchard Park Realty Acquires Multifamily Property In East Boston For $1.02M
117 Eutaw Street
See Similar DealsMultiFamily3,332 SF
Sold 10/26/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$306
Total Square Footage:3,332 SF
Transaction Type:Sale
In East Boston, a multifamily property located at 117 Eutaw Street has recently been sold for a total of $1,020,000. This property offers 3,332 square feet of space and was sold at a price of $306 per square foot.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,020,000
- Address: 117 Eutaw Street, East Boston, MA
- Square Footage: 3,332
- Buyer's Representative: David Cody - Orchard Park Realty
- Seller's Representative: Edward (Ed) Deveau - CENTURY 21 Mario Real Estate
The buyer of the property was represented by David Cody from Orchard Park Realty, while the seller was represented by Edward (Ed) Deveau from CENTURY 21 Mario Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$54,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,623.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,835.32
Annual Debt Service$58,023.84
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