Updated Dec 21, 2023
Profitable Properties Boston LLC Acquires Multifamily Property In Boston, MA For $1.15M
16 Malbert Rd, Boston, Brighton, Massachusetts, USA
$1,150,000
$205/SF
Building Size
5,608 SF
Asset Type
MultiFamily
Closing
Nov 18, 2021
About this deal
AI
The multifamily property located at 16 Malbert Rd in Boston, MA has been sold in a recent transaction. The sale was facilitated by Jarrett Lau of Profitable Properties Boston LLC, representing the buyer, and the Gary Vrotsos Team of Coldwell Banker Realty - Cambridge, acting as the seller's representative.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,150,000
- Square Footage: 5,608 SF
- Price per Square Foot: $205
- Date of Sale: 11/18/2021
- Market: Boston, MA
This transaction involved the buyer's representative, Jarrett Lau - Profitable Properties Boston LLC, and the seller's representative, Gary Vrotsos Team - Coldwell Banker Realty - Cambridge. They played a crucial role in ensuring a successful deal for both parties involved.
Players
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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93