Greg Maund Of William Raveis R. E. & Home Services Sells Multifamily Property In Boston For $1.4M
SOLD
$1,400,000
Massachusetts
See Similar DealsMultiFamily3,278 SF
Sold 01/15/2021
SOLD
Greg Maund Of William Raveis R. E. & Home Services Sells Multifamily Property In Boston For $1.4M
164 Boylston Street, Boston, MA, USA
See Similar DealsMultiFamily3,278 SF
Sold 01/15/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$427
Total Square Footage:3,278 SF
Transaction Type:Sale
The multifamily property located at 164 Boylston Street in Boston, MA was recently sold for a price of $1,400,000. The transaction took place on 01/15/2021, and the property spans a total area of 3,278 square feet. The price per square foot for this sale equates to $427.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Address: 164 Boylston Street
- Market: Boston, MA
- Seller's Representative: Greg Maund - William Raveis R. E. & Home Services
- Buyer's Representative: Ron Ifrah - Longwood Residential, LLC
Ron Ifrah of Longwood Residential, LLC represented the buyer in this transaction, while Greg Maund of William Raveis R. E. & Home Services represented the seller. Both parties played key roles in the successful completion of this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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