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Jeff Carlson Acquires Multifamily Property In Boston For $1.5M

Property Image
SOLD
$1,545,000
Ryan Foley
John Federico
+ 2

Massachusetts

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MultiFamily3,922 SF
Sold 08/01/2022
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Property Image
SOLD

Jeff Carlson Acquires Multifamily Property In Boston For $1.5M

161 West Second Street, South Boston, Massachusetts 02127, United States

See Similar Deals
MultiFamily3,922 SF
Sold 08/01/2022
Ryan Foley
John Federico
+ 2
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$393
Total Square Footage:3,922 SF
Transaction Type:Sale

Located at 161 W 2nd St in Boston, MA, this multifamily property was recently sold in a transaction. The property consists of 3 units and spans a total of 3,922 square feet. The sale price for this property was $1,545,000, resulting in a price per unit of $515,000 and a price per square foot of $394.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,545,000
  • Units: 3
  • Price per Unit: $515,000
  • Square Footage: 3,922
  • Price per Square Foot: $394
  • Market: Boston, MA

The buyer of this property is Jeff Carlson, and the seller is Sherry Parilla. The deal was facilitated by brokers John Federico, Ralph Verrocchi, and Ryan Foley, who are part of the Foley/Federico Team at Greater Metropolitan Real Estate.

Players

John Federico
53 deals$178.3M volume(617) 812-9035
BROKER

Ryan Foley
Greater Metropolitan Real Estate
14 deals$51.4M volume
BROKER

Ralph Verrocchi
Greater Metropolitan Real Estate
2 deals$3.1M volume
BROKER


2 deals$3.1M volume
SELLER

Details

SOLD
IMAGE: Ryan Foley, Ralph Verrocchi & John Federico DATE: 08/01/2022 ADDRESS: 161 W 2nd St MARKET: Boston, MA ASSET TYPE: Multifamily BUYER: Jeff Carlson SELLER: Sherry Parilla BROKERS: John Federico (@RealEstateFed), Ralph Verrocchi & Ryan Foley - Foley/Federico Team Greater Metropolitan Real Estate (@GMREBoston) SALE PRICE: $1,545,000 UNITS: 3 ~ PPU: $515,000 SF: 3,922 ~ PPSF: $394

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,489.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,324.09
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