Guohi Li Acquires Multifamily Property In Boston For $3.9M
SOLD
$3,900,000
Massachusetts
See Similar DealsMultiFamily4,775 SF
Sold 10/20/2023
SOLD
Guohi Li Acquires Multifamily Property In Boston For $3.9M
172 Salem Street
See Similar DealsMultiFamily4,775 SF
Sold 10/20/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$816
Total Square Footage:4,775 SF
Transaction Type:Sale
The multifamily property located at 172 Salem Street in Boston, MA has been sold for a price of $3,900,000. This property consists of 5 units, with an average price per unit of $780,000. The total square footage of this property is 4,775, resulting in a price per square foot of $817.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,900,000
- Units: 5
- Price Per Unit: $780,000
- Square Footage: 4,775
- Price Per Square Foot: $817
- Address: 172 Salem Street, Boston, MA
The buyer of this property is Guohi Li, while the seller is Augustus Robinson. Representing the buyer in this transaction is Rose Hall from Blue Ocean Realty. On the other hand, John Pentore and Dennis Kelleher from Horvath & Tremblay acted as the seller's representatives.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$208,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88
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