SouthieMap, LLC Acquires Multifamily Property In Boston For $1.05M With Buyer's Rep Chris Fitzpatrick & Seller's Rep Joyce Lebedew
SOLD
$1,050,000
Massachusetts
See Similar DealsMultiFamily2,034 SF
Sold 02/25/2021
SOLD
SouthieMap, LLC Acquires Multifamily Property In Boston For $1.05M With Buyer's Rep Chris Fitzpatrick & Seller's Rep Joyce Lebedew
566 East 3rd Street, Boston, Massachusetts, USA
See Similar DealsMultiFamily2,034 SF
Sold 02/25/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$516
Total Square Footage:2,034 SF
Transaction Type:Sale
A multifamily property located at 566 E 3rd Street in Boston, MA has been sold for a price of $1,050,000. The property spans 2,034 square feet and the price per square foot (PPSF) is $516.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Square Footage: 2,034
- Price per Square Foot (PPSF): $516
- Address: 566 E 3rd Street, Boston, MA
- Market: Boston, MA
The seller in this transaction was represented by Joyce Lebedew of Joyce Lebedew Real Estate, while the buyer was represented by Chris Fitzpatrick of SouthieMap, LLC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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