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
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