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16 Irving St Boston, MA 021...

Multifamily Property At 16 Irving Street In Boston Sold For $2.8M
SOLDMultiFamily

Multifamily Property At 16 Irving Street In Boston Sold For $2.8M

16 Irving St Boston, MA 02114, USA

$2,864,000

$931/SF

Building Size

3,074 SF

Asset Type

MultiFamily

Closing

Jun 2, 2023

AI

A multifamily property located at 16 Irving Street in Boston, MA was sold for a total of $2,864,000. The transaction, which took place on June 2, 2023, involved a property spanning 3,074 square feet, resulting in a price per square foot of $932.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,864,000
  • Square Footage: 3,074
  • Price per Square Foot: $932
  • Address: 16 Irving Street, Boston, MA
  • Market: Boston, MA

The buyer of the property was represented by Nghi Le from Mohawk Real Estate, LLC, while the seller was represented by Roberta Orlandino from Coldwell Banker Realty.

Players

Roberta Orlandino

Coldwell Banker

Broker

$6.4M

vol

2 deals

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.54%

Cash-on-Cash

-1.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93