Core Property Group Acquires Multifamily Property In Boston's Market For $2.7M
SOLD
$2,700,000
Massachusetts
See Similar DealsMultiFamily4,417 SF
Sold 11/22/2021
SOLD
Core Property Group Acquires Multifamily Property In Boston's Market For $2.7M
181 M St, Boston, Massachusetts, USA
See Similar DealsMultiFamily4,417 SF
Sold 11/22/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$611
Total Square Footage:4,417 SF
Transaction Type:Sale
The multifamily property located at 181 M St in Boston, MA was recently sold for a price of $2,700,000. The property consists of 3 units, with a price per unit of $900,000. It spans a total square footage of 4,417, resulting in a price per square foot of $611.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Units: 3
- Price per Unit: $900,000
- Square Footage: 4,417
- Price per Square Foot: $611
Zach Barron from Core Property Group, LLC represented the buyer in this transaction, while Laurie Caserta from Canopy Brokerage Company, LLC represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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