Updated Oct 28, 2024
Ritik Ray Acquires Multifamily Property In Bay Village For $1.85M
14 Edgerly Place, Boston, MA 02116, USA
$1,850,000
$795/SF
Building Size
2,325 SF
Asset Type
MultiFamily
Closing
Jul 23, 2020
About this deal
AI
Located in Bay Village, the multifamily property at 14 Edgerly Pl recently went through a sale transaction. The property spans 2,325 square feet and was sold for $1,850,000, resulting in a price per square foot of $796.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Address: 14 Edgerly Pl
- Market: Bay Village
The seller, Ads RE Associates, was represented by Alan Ginsberg from Donalan Group Realty, Inc. On the other hand, the buyer, Ritik Ray, was represented by Debbie Adamidis from Keller Williams Realty, Inc.
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93