Next Horizon Realty Acquires Multifamily Property On Harold Street, Boston, MA For $1.16M
206 Harold Street, Boston, MA, USA
$1,157,500
$286/SF
Building Size
4,045 SF
Asset Type
MultiFamily
Closing
Jan 26, 2021
AI
The multifamily property located at 206 Harold Street in Boston, MA has been sold. The deal was closed on January 27, 2021. The property, consisting of 3 units, spans a total area of 4,045 square feet. The asking price for the property was $1,250,000, and it was ultimately sold for $1,157,500, resulting in a price per unit of $385,833 and a price per square foot of $286.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,157,500
- Address: 206 Harold Street, Boston, MA
- Market: Boston, MA
- Seller's Representative: Michael Dorion - The Residential Group @WilliamRaveis
- Buyer's Representative: Chuks Okoli - Next Horizon Realty
Michael Dorion from The Residential Group represented the seller in this transaction, while Chuks Okoli from Next Horizon Realty represented the buyer.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.70%
Cash-on-Cash
-3.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93