Benjamin Bern Acquires Multifamily Property On Fernboro St In Boston For $1.65M
SOLD
$1,650,000
Massachusetts
See Similar DealsMultiFamily8,334 SF
Sold 11/18/2021
SOLD
Benjamin Bern Acquires Multifamily Property On Fernboro St In Boston For $1.65M
16 Fernboro St, Dorchester, Massachusetts 02121, United States
See Similar DealsMultiFamily8,334 SF
Sold 11/18/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$198
Total Square Footage:8,334 SF
Transaction Type:Sale
The multifamily property located at 16-18 Fernboro St in Boston, MA has been sold for a total price of $1,650,000. The property spans over 8,334 square feet, resulting in a price per square foot of $198.
Summary of Transaction Details
- Property Type: Multifamily
- Sale Price: $1,650,000
- Square Footage: 8,334
- Price Per Square Foot: $198
- Address: 16-18 Fernboro St, Boston, MA
- Market: Boston, MA
The buyer's representative in this transaction was Benjamin Bern from Keller Williams Realty Boston-Metro | Back Bay. The seller's representative was Demark Davis from Thumbprint Realty, LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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