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18-20 Litchfield Street, Bo...

Anabela Gomes Of Urban Realty Represents Buyer In $1.075M Multifamily Sale In Boston, MA
SOLDMultiFamily

Anabela Gomes Of Urban Realty Represents Buyer In $1.075M Multifamily Sale In Boston, MA

18-20 Litchfield Street, Boston, Massachusetts 02135, United States

$1,075,000

$391/SF

Building Size

2,748 SF

Asset Type

MultiFamily

Closing

Dec 6, 2021

AI

The multifamily property located at 18-20 Litchfield St in Boston, MA has been sold for a total of $1,075,000. The sale took place on 12/06/2021 and was facilitated by Tina Hill from Prime Realty Group, Inc., representing the seller, and Anabela Gomes from Urban Realty, representing the buyer.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,075,000
  • Address: 18-20 Litchfield St
  • Market: Boston, MA
  • Units: 2
  • Price Per Unit: $537,500
  • Square Footage: 2,748
  • Price Per Square Foot: $391

The two-unit multifamily property spans 2,748 square feet and was sold at a price of $1,075,000, equating to a price per unit of $537,500 and a price per square foot of $391. The successful transaction was brokered by Anabela Gomes from Urban Realty, representing the buyer, and Tina Hill from Prime Realty Group, Inc., representing the seller.

Players

Anabela Gomes

Broker

$3M

vol

2 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

14.76%

Cash-on-Cash

-4.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93