Updated Dec 21, 2023
Denkar Realty Group Acquires Multifamily Property In Boston For $1.185M
18-20 Elmira Street, Boston, Massachusetts 02135, United States
$1,185,000
$375/SF
Building Size
3,158 SF
Asset Type
MultiFamily
Closing
Jan 20, 2022
About this deal
AI
This multifamily property located at 18-20 Elmira St in Boston, MA was recently sold in a closed transaction. The sale took place on January 21, 2022. Tracy Mei captured an image of the property and shared it on Instagram. The property is comprised of 2 units and has a total square footage of 3,158. The sale price for this multifamily asset was $1,185,000, resulting in a price per unit of $592,500 and a price per square foot of $375.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,185,000
- Units: 2
- Price per Unit: $592,500
- Square Footage: 3,158
- Price per Square Foot: $375
In this transaction, Tracy Mei from Denkar Realty Group represented the buyer, while Greater Boston Home Team from Greater Boston Home Buying represented the seller.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.39%
Cash-on-Cash
-3.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93