Horvath & Tremblay Represents Sale Of Multifamily Property In Boston For $1.4M
SOLD
$1,400,000
Massachusetts
See Similar DealsMultiFamily4,073 SF
Sold 05/11/2022
SOLD
Horvath & Tremblay Represents Sale Of Multifamily Property In Boston For $1.4M
20-22 Brooks Street, Brighton, Massachusetts 02135, United States
See Similar DealsMultiFamily4,073 SF
Sold 05/11/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$343
Total Square Footage:4,073 SF
Transaction Type:Sale
The multifamily property located at 20-22 Brooks St in Boston, MA has been sold for a total price of $1,400,000. The transaction took place on 05/11/2022 and the property spans 4,073 square feet. The sale price per square foot is $344. Ryan Benton from Horvath & Tremblay represented the parties involved in the deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Date: 05/11/2022
- Address: 20-22 Brooks St, Boston, MA
- Market: Boston, MA
- Square Footage: 4,073
- Price Per Square Foot: $344
Ryan Benton from Horvath & Tremblay facilitated the sale of this multifamily property in Boston, MA. The transaction involved a total price of $1,400,000 and the property spans 4,073 square feet. This deal represents a significant investment in the Boston market, showcasing the demand for multifamily assets in the area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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