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360 Realty LLC Acquires Multifamily Property On Tremont St In Boston, MA For $2.375M

Property Image
SOLD
$2,375,000

Massachusetts

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MultiFamily3,003 SF
Sold 04/08/2022
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Property Image
SOLD

360 Realty LLC Acquires Multifamily Property On Tremont St In Boston, MA For $2.375M

1566 Tremont Street, Roxbury, Massachusetts 02120, United States

See Similar Deals
MultiFamily3,003 SF
Sold 04/08/2022
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$790
Total Square Footage:3,003 SF
Transaction Type:Sale

A multifamily property located at 1566 Tremont St in Boston, MA, has been sold for a total price of $2,375,000. The property encompasses 3,003 square feet, resulting in a price per square foot of $791. The transaction took place on April 8, 2022, and the sale was represented by Ryan Will of 360 Realty LLC on behalf of the buyer and Eric Johnson of Compass on behalf of the seller.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $2,375,000
  • Location: 1566 Tremont St, Boston, MA
  • Size: 3,003 square feet
  • Price Per Square Foot: $791
  • Buyer's Representative: Ryan Will - 360 Realty LLC
  • Seller's Representative: Eric Johnson - Compass

The sale of this multifamily property on Tremont St was facilitated by Ryan Will of 360 Realty LLC, who represented the buyer, and Eric Johnson of Compass, who represented the seller. This transaction highlights the involvement of these professionals in the Boston real estate market.

Players

Eric Johnson
17 deals$34.4M volume
BROKER

Ryan Will
4 deals$7.2M volume
BROKER

Details

SOLD
IMAGE: Eric Johnson DATE: 04/08/2022 ADDRESS: 1566 Tremont St MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Ryan Will - 360 Realty LLC (@360RealtyLlc) SELLER'S REP: Eric Johnson - Compass (@Compass) SALE PRICE: $2,375,000 SF: 3,003 ~ PPSF: $791

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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)-$8,437.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,258.71
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