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16 Armstrong Street, Boston...

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

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

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

$1,360,000

$346/SF

Building Size

3,930 SF

Asset Type

MultiFamily

Closing

Jan 20, 2021

AI

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

Capital Realty Group

Broker

$18.7M

vol

6 deals

Broker
Buyers Brokers Only
Buyers Brokers OnlyBrokerage

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

11.66%

Cash-on-Cash

-3.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93