Gibson Sotheby's International Realty Acquires Multifamily Property In Boston For $1.1M
SOLD
$1,100,000
Massachusetts
See Similar DealsMultiFamily3,018 SF
Sold 02/16/2021
SOLD
Gibson Sotheby's International Realty Acquires Multifamily Property In Boston For $1.1M
21 Wenham Street, Boston, MA, USA
See Similar DealsMultiFamily3,018 SF
Sold 02/16/2021
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$364
Total Square Footage:3,018 SF
Transaction Type:Sale
The multifamily property located at 21 Wenham Street in Boston, MA has been sold for $1,100,000. The property spans 3,018 square feet, resulting in a price per square foot of $364.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 21 Wenham Street, Boston, MA
- Market: Boston, MA
The seller's representative in this transaction was Benjamin Bern from Popular Properties Realty, Inc., while the buyer's representative was Kris Kososki from Gibson Sotheby's International Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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