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1607 Tremont St, Boston, MA...

Updated Dec 21, 2023

John E. Mahoney And Ranick Ng Acquire Multifamily Property In Roxbury Crossing, MA For $2.59M
SOLDMultiFamily

John E. Mahoney And Ranick Ng Acquire Multifamily Property In Roxbury Crossing, MA For $2.59M

1607 Tremont St, Boston, MA, USA

$2,590,000

$1,203/SF

Building Size

2,152 SF

Asset Type

MultiFamily

Closing

Sep 13, 2021

About this deal

AI

The multifamily property located at 1607 Tremont St in Roxbury Crossing, MA has been sold. The property consists of 3 units with a total square footage of 2,152. The sale price for this transaction was $2,590,000, resulting in a price per unit of $863,333 and a price per square foot of $1,203. The sale was completed on 09/13/2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,590,000
  • Address: 1607 Tremont St, Roxbury Crossing, MA
  • Units: 3
  • Square Footage: 2,152
  • Price per Unit: $863,333
  • Price per Square Foot: $1,203

The buyer of this property is John E. Mahoney and Ranick Ng. They acquired the property from the seller, Jason B. Savage. The transaction was completed without any additional information available.

Players

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $2.6M for 2,152 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.12%

Cash-on-Cash

-1.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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