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161 West Second Street, Sou...

Jeff Carlson Acquires Multifamily Property In Boston For $1.5M
SOLDMultiFamily

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

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.

Players

John Federico

Grove Property Group

Broker

$178.3M

vol

53 deals

Broker

Jeff Carlson

Buyer

$3.1M

vol

2 deals

Buyer

Sherry Parilla

Seller

$3.1M

vol

2 deals

Seller

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