Gibson Sotheby's International Realty Acquires Multifamily Property In Boston, MA For $1.6M
SOLD
$1,600,000
Massachusetts
See Similar DealsMultiFamily5,199 SF
Sold 07/01/2020
SOLD
Gibson Sotheby's International Realty Acquires Multifamily Property In Boston, MA For $1.6M
19 Cushing Avenue, Boston, Dorchester, Massachusetts, USA
See Similar DealsMultiFamily5,199 SF
Sold 07/01/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$307
Total Square Footage:5,199 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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