Buyers Brokers Only Acquires Multifamily Property In Boston For $2.3M
SOLD
$2,300,000
Massachusetts
See Similar DealsMultiFamily3,200 SF
Sold
SOLD
Buyers Brokers Only Acquires Multifamily Property In Boston For $2.3M
1428 Columbia Rd, Boston, MA 02127
See Similar DealsMultiFamily3,200 SF
Sold
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$718
Total Square Footage:3200 SF
Transaction Type:Sale
The multifamily property located at 1428 Columbia Rd in Boston, MA was recently sold for a total price of $2,300,000. The property spans over 3,200 square feet, resulting in a price per square foot of $719.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Address: 1428 Columbia Rd, Boston, MA
- Market: Boston, MA
The buyer in this transaction was represented by Femion Mezini from Buyers Brokers Only, LLC. On the other hand, Jacob Carlin from JW Brokerage acted as the seller's representative.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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