facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

172 Salem Street

Guohi Li Acquires Multifamily Property In Boston For $3.9M
SOLDMultiFamily

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

Dennis Kelleher

Horvath & Tremblay

Broker

$565M

vol

97 deals

Broker

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