Next Horizon Realty Acquires Multifamily Property On Boynton St In Boston For $1.5M
SOLD
Massachusetts
See Similar DealsMultiFamily2,838 SF
Sold
SOLD
Next Horizon Realty Acquires Multifamily Property On Boynton St In Boston For $1.5M
17-17a Boynton Street, Waltham, MA, USA
See Similar DealsMultiFamily2,838 SF
Sold
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
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 17-17A Boynton St, Boston, MA
- Market: Boston, MA
- Buyer's Representative: Chuks Okoli - Next Horizon Realty
- Seller's Representative: Josephine Tsui - Unlimited Sotheby's International Realty
- Units: 3
- Price per Unit: $500,000
- Total Square Footage: 2,838
- Price per Square Foot: $529
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.
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Deal Type
30 years
10 years
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
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