Ritik Ray Acquires Multifamily Property In Bay Village For $1.85M
SOLD
$1,850,000
Massachusetts
See Similar DealsMultiFamily2,325 SF
Sold 07/23/2020
SOLD
Ritik Ray Acquires Multifamily Property In Bay Village For $1.85M
14 Edgerly Place, Boston, MA 02116, USA
See Similar DealsMultiFamily2,325 SF
Sold 07/23/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$795
Total Square Footage:2,325 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$98,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,572.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,769.94
Annual Debt Service$105,239.33
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