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161 West Second Street

Jeff Carlson Acquires 3-Unit Multifamily In Boston For $1.5M
SOLDMultiFamily

Jeff Carlson Acquires 3-Unit Multifamily In Boston For $1.5M

161 West Second Street

$1,545,000

$393/SF

Building Size

3,922 SF

Asset Type

MultiFamily

Closing

Aug 1, 2022

AI

A multifamily property located at 161 W 2nd St in Boston, MA has been sold in a recent transaction. The property consists of 3 units with a total square footage of 3,922. The sale price for the property was $1,545,000, resulting in a price per unit of $515,000 and a price per square foot of $394.

Summary of transaction 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
  • Address: 161 W 2nd St, Boston, MA
  • Market: Boston, MA

Jeff Carlson was the buyer in this transaction, while Sherry Parilla was the seller. The deal was facilitated by the Foley/Federico Team from Greater Metropolitan Real Estate, with John Federico, Ralph Verrocchi, and Foley Federico serving as the brokers representing both parties.

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

Ronkonkoma 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