Updated Dec 21, 2023
Elena Kac Of William Raveis R.E. & Home Services Acquires Multifamily Property In Boston For $1.1M
20-22 Upcrest Road, Boston, MA, USA
$1,100,000
$320/SF
Building Size
3,438 SF
Asset Type
MultiFamily
Closing
Mar 30, 2021
About this deal
AI
The recently sold multifamily property located at 20-22 Upcrest Road in Boston, MA has attracted attention in the real estate market. The property, with a size of 3,438 square feet, was sold for a total of $1,100,000. This amounts to a price per square foot of $320.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
The sale was facilitated by Mindy Abramowitz from Centre Realty Group, who represented the seller, and Elena Kac from William Raveis R.E. & Home Services, who represented the buyer. They played significant roles in negotiating and finalizing the deal.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93