Tracy Campion Of Campion & Company Fine Homes Real Estate Sells Multifamily Property On Commonwealth Ave For $12M
SOLD
$12,000,000
Massachusetts
See Similar DealsMultiFamily10,730 SF
Sold 08/30/2021
SOLD
Tracy Campion Of Campion & Company Fine Homes Real Estate Sells Multifamily Property On Commonwealth Ave For $12M
146 Commonwealth Avenue, Worcester, MA 01604
See Similar DealsMultiFamily10,730 SF
Sold 08/30/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$1,118
Total Square Footage:10,730 SF
Transaction Type:Sale
The multifamily property located at 146 Commonwealth Ave in Boston, MA has been sold for a total sale price of $12,000,000. Tracy Campion of Campion & Company Fine Homes Real Estate represented the parties involved in this transaction. The property spans across 10,730 square feet, resulting in a price per square foot of $1,118.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $12,000,000
- Address: 146 Commonwealth Ave, Boston, MA
- Market: Boston, MA
- Broker: Tracy Campion - Campion & Company Fine Homes Real Estate
- Square Footage: 10,730
- Price per Square Foot: $1,118
Tracy Campion, from Campion & Company Fine Homes Real Estate, facilitated the sale of this multifamily property located in Boston, MA. With their expertise in the local market, Campion & Company Fine Homes Real Estate ensured a successful transaction for all parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
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