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19 Cushing Avenue, Boston, ...

Gibson Sotheby's International Realty Acquires Multifamily Property In Boston, MA For $1.6M
SOLDMultiFamily

Gibson Sotheby's International Realty Acquires Multifamily Property In Boston, MA For $1.6M

19 Cushing Avenue, Boston, Dorchester, Massachusetts, USA

$1,600,000

$307/SF

Building Size

5,199 SF

Asset Type

MultiFamily

Closing

Jul 1, 2020

AI

The multifamily property located at 17-19 Cushing Ave in Boston, MA was recently sold for $1,600,000. The property spans an area of 5,199 square feet, resulting in a price per square foot of $308.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,600,000
  • Address: 17-19 Cushing Ave, Boston, MA
  • Market: Boston, MA

The seller's representative in this transaction was Bill Patterson from Craft Realty, while the buyer was represented by Zachary Gerg from Gibson Sotheby's International Realty.

Players

Zachary Gerg

Sotheby's International Realty

Broker

$2.9M

vol

2 deals

Broker

Boston 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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93