facebook
Traded Co logo
Submit
Daily limit: 0/10

Landmark Property Group Acquires Multifamily Property In Boston For $1.32M

Property Image
SOLD
$1,325,000

Massachusetts

See Similar Deals
MultiFamily2,832 SF
Sold 06/07/2024
the dealplayerscompscontact
Property Image
SOLD

Landmark Property Group Acquires Multifamily Property In Boston For $1.32M

21 Ballard Street

See Similar Deals
MultiFamily2,832 SF
Sold 06/07/2024
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$467
Total Square Footage:2,832 SF
Transaction Type:Sale

Located at 21 Ballard Street in Boston, MA, this multifamily property was recently sold for $1,325,000. Spanning 2,832 square feet, the property boasts a triple decker layout and is situated in a prime location near key attractions such as Jamaica Pond, Centre Street, and transit lines. The sale price per square foot for this asset was $468.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $1,325,000
  • Address: 21 Ballard Street, Boston, MA
  • Market: Boston, MA
  • Buyer's Rep: Landmark Property Group - Compass
  • Seller's Rep: Hakim Sadler - MIG Realty

Landmark Property Group from Compass represented the buyer in this transaction, while Hakim Sadler from MIG Realty acted as the seller's representative. This deal presents a lucrative opportunity for developers due to the property's layout and its strategic location within the vibrant Boston area.

Players

Hakim Sadler
MIG Realty
Hakim Sadler
34 deals$68.3M volume
BROKER

Details

SOLD
IMAGE: Hakim Sadler DATE: 06/07/2024 ADDRESS: 21 Ballard Street MARKET: Boston, MA ASSET TYPE: Multifamily BUYER'S REP: Landmark Property Group - Compass SELLER'S REP: Hakim Sadler - MIG Realty SALE PRICE: $1,325,000 SF: 2,832 ~ PPSF: $468 NOTE: 21 Ballard St in Boston, MA, sold for $1,325,000, presenting a developer's dream with its triple decker layout and prime location near Jamaica Pond, Centre Street, and transit lines

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$70,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,707.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,281.18
Annual Debt Service$75,374.11