Buyers Brokers Only Acquires Multifamily Property In Boston For $2.3M
1428 Columbia Rd, Boston, MA 02127
$2,300,000
$718/SF
Building Size
3,200 SF
Asset Type
MultiFamily
Closing
Mar 22, 2022
AI
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
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93