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Dream Realty Buys Multifamily Property In Boston For $2.1M With Lin Xu As Buyer's Rep And Rodney Scott As Seller's Rep
SOLD
Massachusetts
See Similar DealsMultiFamily6,142 SF
Sold 11/30/2023
SOLD
Dream Realty Buys Multifamily Property In Boston For $2.1M With Lin Xu As Buyer's Rep And Rodney Scott As Seller's Rep
20 Pearl Street
See Similar DealsMultiFamily6,142 SF
Sold 11/30/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$341
Total Square Footage:6,142 SF
Transaction Type:Sale
A multifamily property located at 20 Pearl Street in Boston, MA has been sold for $2.1 million. The property spans a total area of 6,142 square feet, resulting in a price per square foot of $342.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Address: 20 Pearl Street, Boston, MA
- Market: Boston, MA
The buyer's representative in this transaction was Lin Xu from Dream Realty, while Rodney Scott from Engel & Völkers represented the seller. Dream Realty, represented by Lin Xu, acquired the property from Engel & Völkers, represented by Rodney Scott.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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