Guohi Li Acquires Multifamily Property In Boston For $3.9M
172 Salem Street
$3,900,000
$816/SF
Building Size
4,775 SF
Asset Type
MultiFamily
Closing
Oct 20, 2023
AI
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.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93