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
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