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206 Harold Street, Boston, ...

Next Horizon Realty Acquires Multifamily Property On Harold Street, Boston, MA For $1.16M
SOLDMultiFamily

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

Michael Dorion

William Raveis Real Estate

Broker

$7.9M

vol

3 deals

Broker

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

13.70%

Cash-on-Cash

-3.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93