Updated Dec 21, 2023
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
About this deal
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.
The multifamily sale at 19 Cushing Avenue, Boston, Dorchester, Massachusetts, USA in Boston, Massachusetts sold for $1.6M in 2020. The building is 5,199 square feet, implying about 307 per square foot on the published price. Bill Patterson, Zachary Gerg, Sotheby's International Realty appear on the sale alongside Sotheby's International Realty. This page is the Boston, Massachusetts file for the 19 Cushing Avenue, Boston, Dorchester, Massachusetts, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Boston sit in the Market section below. Filter that Boston multifamily set by closing date to see what else sold near 19 Cushing Avenue, Boston, Dorchester, Massachusetts, USA around 2020. Published consideration for 19 Cushing Avenue, Boston, Dorchester, Massachusetts, USA is $1.6M, dated 2020. Cite this Gibson Sotheby's International Realty Acquires Multifamily Property In Boston, MA For $1.6M sale when underwriting similar multifamily product around Boston, Massachusetts.
On the Map
$1,600,000
$307/SF
MultiFamily
View full map
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Zachary Gerg to view all their deals.
Browse Massachusetts multifamily sales on Traded.
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