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21-23 Maplewood St, Boston,...

Updated Dec 19, 2023

Rey Realty Group Acquires Multifamily Property In Boston, MA For $1.09M
SOLDMultiFamily

Rey Realty Group Acquires Multifamily Property In Boston, MA For $1.09M

21-23 Maplewood St, Boston, West Roxbury, Massachusetts, USA

$1,090,000

$311/SF

Building Size

3,500 SF

Asset Type

MultiFamily

Closing

Nov 1, 2021

About this deal

AI

The multifamily property located at 21-23 Maplewood St in Boston, MA was recently sold for a price of $1,090,000. The property spans approximately 3,500 square feet, resulting in a price per square foot of $311. The transaction took place on November 1, 2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,090,000
  • Square Footage: 3,500
  • Price per Square Foot: $311
  • Address: 21-23 Maplewood St, Boston, MA
  • Market: Boston, MA

The buyer in this transaction was represented by Michael Montero from Rey Realty Group, while Maurice Fraone from Property Navigator acted as the seller's representative.

Players

Michael Montero

Broker

$1.1M

vol

1 deal

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $311 per square foot on a published $1.1M for 3,500 square feet (2021).

Visit Maurice Fraone to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.55%

Cash-on-Cash

-4.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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