RE/MAX Realty Pros Sells Multifamily Property On South Street In Boston For $1.485M
SOLD
$1,485,000
Massachusetts
See Similar DealsMultiFamily4,608 SF
Sold 01/21/2021
SOLD
RE/MAX Realty Pros Sells Multifamily Property On South Street In Boston For $1.485M
148-152 South Street, Boston, Massachusetts, USA
See Similar DealsMultiFamily4,608 SF
Sold 01/21/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$322
Total Square Footage:4,608 SF
Transaction Type:Sale
A multifamily property located at 148-152 South in Boston, MA was recently sold for $1,485,000. The property spans 4,608 square feet, resulting in a price per square foot of $322.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,485,000
- Address: 148-152 South, Boston, MA
- Market: Boston, MA
The seller's representative, Judy Hemingway from RE/MAX Realty Pros, facilitated the sale of the property. On the other hand, Zev Steinmetz from William Raveis Real Estate - Brookline represented the buyer in this transaction.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,275.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,039.66
Annual Debt Service$84,475.89
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