William Raveis R.E. Acquires Multifamily Property In Boston For $1.045M
SOLD
$1,045,000
Massachusetts
See Similar DealsMultiFamily3,753 SF
Sold 09/10/2021
SOLD
William Raveis R.E. Acquires Multifamily Property In Boston For $1.045M
156 Talbot Avenue, Boston, Massachusetts, USA
See Similar DealsMultiFamily3,753 SF
Sold 09/10/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$278
Total Square Footage:3,753 SF
Transaction Type:Sale
The multifamily property located at 156 Talbot Ave in Boston, MA has been sold for a price of $1,045,000. The property spans a total of 3,753 square feet, resulting in a price per square foot of $278. The sale was facilitated by James Harrison of Boston Bayside Properties, LLC, who represented the seller. The buyer was represented by The Residential Group from William Raveis R.E. & Home Services.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,045,000
- Address: 156 Talbot Ave, Boston, MA
- Square Footage: 3,753
- Price Per Square Foot: $278
James Harrison of Boston Bayside Properties, LLC represented the seller in the transaction, while The Residential Group from William Raveis R.E. & Home Services acted as the buyer's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,712.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,953.83
Annual Debt Service$59,446.00
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