Updated Sep 9, 2024
Jeff Carlson Acquires Multifamily Property In Boston For $1.5M
161 West Second Street, South Boston, Massachusetts 02127, United States
$1,545,000
$393/SF
Building Size
3,922 SF
Asset Type
MultiFamily
Closing
Jul 31, 2022
About this deal
AI
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.
On the Map
$1,545,000
$393/SF
MultiFamily
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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
10.27%
Cash-on-Cash
-2.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93