Niello Realty Group Acquires Multifamily Property In Boston For $1.15M
SOLD
$1,155,000
Massachusetts
See Similar DealsMultiFamily4,035 SF
Sold 05/24/2020
SOLD
Niello Realty Group Acquires Multifamily Property In Boston For $1.15M
15 Faulkner St, Boston, Dorchester, MA, USA
See Similar DealsMultiFamily4,035 SF
Sold 05/24/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$286
Total Square Footage:4,035 SF
Transaction Type:Sale
The property involved in this closed transaction is a multifamily asset located at 15 Faulkner St in Boston, MA. It was sold on 05/24/2021 for a total price of $1,155,000. The property spans 4,035 square feet, resulting in a price per square foot of $286.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,155,000
- Address: 15 Faulkner St, Boston, MA
- Square Footage: 4,035
- Price per Square Foot: $286
The seller's representative in this transaction was Charles Maneikis from The Maneikis Companies, Inc. On the buyer's side, Matthew Robitaille of Niello Realty Group served as their representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,103.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,475.29
Annual Debt Service$65,703.47
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