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654 East Broadway Realty Trust Acquires Multifamily Property In Boston For $1.57M

Property Image
SOLD
$1,570,000

Massachusetts

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MultiFamily1,980 SF
Sold 06/30/2022
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Property Image
SOLD

654 East Broadway Realty Trust Acquires Multifamily Property In Boston For $1.57M

151 O Street

See Similar Deals
MultiFamily1,980 SF
Sold 06/30/2022
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$792
Total Square Footage:1,980 SF
Transaction Type:Sale

The multifamily property located at 151 O St in Boston, MA has been sold in a recent transaction. The property consists of 3 units and spans across 1,980 square feet. The sale price for this transaction was $1,570,000, resulting in a price per unit of $523,333 and a price per square foot of $792.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,570,000

Jackie Rooney from Rooney Real Estate LLC represented the buyer, 654 East Broadway Realty Trust, in this transaction. Daniel Dewing from Boston Realty Advisors represented the seller, The Broadway Company. The deal was successfully closed with the cooperation of these key individuals and companies.

Players

Jackie Rooney
13 deals$22M volume
BROKER

Daniel Dewing
Boston Realty Advisors
5 deals$15.8M volume(617) 850-9620
BROKER

SELLER

Details

SOLD
IMAGE: Daniel Dewing DATE: 06/30/2022 ADDRESS: 151 O St MARKET: Boston, MA ASSET TYPE: Multifamily BUYER: 654 East Broadway Realty Trust SELLER: The Broadway Company BUYER'S REP: Jackie Rooney - Rooney Real Estate LLC (@Rooneyre) SELLER'S REP: Daniel Dewing - Boston Realty Advisors (@BostonRealtyAdvisors) SALE PRICE: $1,570,000 UNITS: 3 ~ PPU: $523,333 SF: 1,980 ~ PPSF: $792

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,577.89
Cash-on-Cash Return-1.27%
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