Updated Dec 19, 2023
James A. Simpson & Denise E. Simpson Acquire Multifamily Property In East Boston, MA For $1.275M
122 Everett St, East Boston, Boston, MA, USA
$1,275,000
$316/SF
Building Size
4,025 SF
Asset Type
MultiFamily
Closing
Jun 6, 2021
About this deal
AI
A multifamily property located at 122 Everett St in East Boston, MA has been sold. The transaction took place on 06/07/2021 at a sale price of $1,275,000. The property spans 4,025 square feet, resulting in a price per square foot of $317. It consists of 3 units, with an average price per unit of $425,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,275,000
- Address: 122 Everett St, East Boston, MA
- Market: East Boston, MA
- Seller: Ruthanne Pavlis
- Buyer: James A. Simpson & Denise E. Simpson
- Square Footage: 4,025
- Price Per Square Foot: $317
- Units: 3
- Price Per Unit: $425,000
Ruthanne Pavlis was the seller of the property, while James A. Simpson & Denise E. Simpson were the buyers in this transaction.
Players
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
12.44%
Cash-on-Cash
-3.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93