Christian Murray Of North Corner Realty Represents Buyer In Boston Multifamily Sale For $1.48M
123 Intervale Street
$1,480,000
$338/SF
Building Size
4,375 SF
Asset Type
MultiFamily
Closing
Sep 11, 2024
AI
A fully renovated four-family property located at 123 Intervale Street in Boston, MA, sold for $1,480,000. The property encompasses a total of 4,375 square feet, featuring 10 bedrooms and 7 bathrooms. The building was delivered vacant and represents a turn-key investment opportunity, positioned conveniently near key transit lines and major routes.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,480,000
- Units: 4
- Price Per Unit: $370,000
- Square Footage: 4,375
- Price Per Square Foot: $338
Christian Murray from North Corner Realty represented the buyer, while Zhimin Huang from Simaku Realty represented the seller in this transaction.
Players
Dorchester 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
10.72%
Cash-on-Cash
-3.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93