Groma Realty, LLC Acquires Multifamily Property On Tremont St In Boston, MA For $5.7M
SOLD
$5,700,000
Massachusetts
See Similar DealsMultiFamily12,443 SF
Sold 08/04/2022
SOLD
Groma Realty, LLC Acquires Multifamily Property On Tremont St In Boston, MA For $5.7M
1536 Tremont Street, Roxbury, Massachusetts 02120, United States
See Similar DealsMultiFamily12,443 SF
Sold 08/04/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$458
Total Square Footage:12,443 SF
Transaction Type:Sale
Located at 1536-1542 Tremont St in Boston, MA, this multifamily property has recently been sold. The property spans over 12,443 square feet and was sold for a total of $5,700,000, resulting in a price per square foot of $453.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,700,000
- Square Footage: 12,443
- Price per Square Foot: $453
- Address: 1536-1542 Tremont St, Boston, MA
- Market: Boston, MA
Michael Rosenstein from Groma Realty, LLC represented the buyer in this transaction, while Ed McGonagle from William Raveis R.E. & Home Services represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$304,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90
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