Qin Yan Acquires Multifamily Property On Old Road, Boston In $1.05M Deal

The multifamily property located at 20 Old Road in Boston, MA has been sold in a recent transaction. The property, with a total square footage of 4,677, was listed for sale with an asking price of $1,150,000. The sale was facilitated by MD 20 Holdings LLC, who represented the seller, and the buyer was Qin Yan. The transaction was finalized on 07/22/2021, with a sale price of $1,052,000. This equates to a price per square foot of $225. The property consists of 3 units, with an average price per unit of $350,667. The property achieved a cap rate of 7.5%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,052,000
• Address: 20 Old Road, Boston, MA
• Market: Boston, MA
• Seller: MD 20 Holdings LLC
• Buyer: Qin Yan
• Seller's Representative: Michael O'Connor - Douglas Elliman
• Buyer's Representative: Jilai Yang
• Square Footage: 4,677
• Price per Square Foot: $225
• Number of Units: 3
• Price per Unit: $350,667
• Cap Rate: 7.5%

The successful sale was completed with the assistance of Michael O'Connor from Douglas Elliman, who represented the seller, and Jilai Yang, who represented the buyer in the transaction.