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Jude Paul & Jamal Briscoe Facilitate $1,050,000 Sale Of Multifamily Property In Boston
SOLD
$1,050,000
Massachusetts
See Similar DealsMultiFamily4,371 SF
Sold 03/16/2024
SOLD
Jude Paul & Jamal Briscoe Facilitate $1,050,000 Sale Of Multifamily Property In Boston
119 Magnolia Street
See Similar DealsMultiFamily4,371 SF
Sold 03/16/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$240
Total Square Footage:4,371 SF
Transaction Type:Sale
In Boston, MA, a multifamily property situated at 119 Magnolia Street was sold for $1,050,000. The property comprises 3 units with a total square footage of 4,371, resulting in a price per unit of $350,000 and a price per square foot of $240.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Units: 3
- Square Footage: 4,371
- Price per Unit: $350,000
- Price per Square Foot: $240
- Address: 119 Magnolia Street
- Market: Boston, MA
- Buyer's Rep: Jude Paul - Boston Realty Services
- Seller's Rep: Jamal Briscoe - Home Endeavors Realty
Boston Realty Services, represented by Jude Paul, acted as the buyer's representative in the transaction, while Jamal Briscoe from Home Endeavors Realty served as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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