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Buyers Brokers Only Acquires Multifamily Property On Armstrong Street For $1.36M

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SOLD
$1,360,000

Massachusetts

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MultiFamily3,930 SF
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Property Image
SOLD

Buyers Brokers Only Acquires Multifamily Property On Armstrong Street For $1.36M

16 Armstrong Street, Boston, Jamaica Plain, Massachusetts, USA

See Similar Deals
MultiFamily3,930 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$346
Total Square Footage:3930 SF
Transaction Type:Sale

Located in Boston, MA, the multifamily property at 16 Armstrong Street has recently been sold in a closed transaction. The sale, which took place on 01/21/2021, was brokered by Barrie Naji of Coldwell Banker Realty - Dedham, representing the seller, and Femion Mezini of Buyers Brokers Only, Llc, representing the buyer.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $1,360,000
  • Units: 3
  • Price Per Unit: $453,333
  • Square Footage: 3,930
  • Price Per Square Foot: $346

The property at 16 Armstrong Street offers a prime investment opportunity in the Boston market. With its 3,930 square feet of space, it consists of three units, making the price per unit $453,333. The sale price of $1,360,000 equates to a price per square foot of $346. This transaction underscores the strong demand for multifamily properties in the area.

Barrie Naji, from Coldwell Banker Realty - Dedham, successfully represented the seller during the negotiation process. On the buyer's side, Femion Mezini, from Buyers Brokers Only, Llc, ensured the buyer's interests were well-represented. Their expertise and dedication played a crucial role in facilitating this successful sale.

Players

Femion Mezini
6 deals$18.7M volume
BROKER

Barrie Naji
Coldwell Banker
1 deal$1.4M volume
BROKER

Buyers Brokers Only
BROKERAGE

Details

SOLD
IMAGE: Femion Mezini & Barrie Naji DATE: 01/21/2021 ADDRESS: 16 Armstrong Street MARKET: Boston, MA ASSET TYPE: Multifamily SELLER'S REP: Barrie Naji - Coldwell Banker Realty - Dedham BUYER'S REP: Femion Mezini - Buyers Brokers Only, Llc SALE PRICE: $1,360,000 UNITS: 3 ~ PPU: $453,333 SF: 3,930 ~ PPSF: $346

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Operating Expenses (Annual)
Net Operating Income (NOI)

$72,533.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,831.80
Cash-on-Cash Return-1.27%
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