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Next Horizon Realty Acquires Multifamily Property On Boynton St In Boston For $1.5M

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SOLD
$1,500,000

Massachusetts

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MultiFamily2,838 SF
Sold
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Property Image
SOLD

Next Horizon Realty Acquires Multifamily Property On Boynton St In Boston For $1.5M

17-17a Boynton Street, Waltham, MA, USA

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MultiFamily2,838 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$528
Total Square Footage:2,838 SF
Transaction Type:Sale

A multifamily property located at 17-17A Boynton St in Boston, MA was recently sold for a price of $1,500,000. The property consists of 3 units with an average price per unit of $500,000. It has a total square footage of 2,838, resulting in a price per square foot of $529.

Summary of transation details

The buyer's representative in this transaction was Chuks Okoli from Next Horizon Realty, while the seller's representative was Josephine Tsui from Unlimited Sotheby's International Realty.

Players

4 deals$5M volume
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Details

SOLD
IMAGE: Josephine Tsui & Chuks Okoli DATE: 11/30/2021 ADDRESS: 17-17A Boynton St MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Chuks Okoli - Next Horizon Realty SELLER'S REP: Josephine Tsui - Unlimited Sotheby's International Realty SALE PRICE: $1,500,000 UNITS: 3 ~ PPU: $500,000 SF: 2,838 ~ PPSF: $529

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$79,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18