Lux Realty Acquires Multifamily Property In Boston, MA For $2.2M
SOLD
Massachusetts
See Similar DealsMultiFamily3,103 SF
Sold 05/06/2022
SOLD
Lux Realty Acquires Multifamily Property In Boston, MA For $2.2M
216 Calumet Street, Roxbury, Massachusetts 02120, United States
See Similar DealsMultiFamily3,103 SF
Sold 05/06/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$720
Total Square Footage:3,103 SF
Transaction Type:Sale
The multifamily property located at 216 Calumet St in Boston, MA has been sold for a total price of $2,235,000. The property spans over 3,103 square feet, resulting in a price per square foot of $720.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,235,000
- Date: 05/06/2022
- Market: Boston, MA
- Buyer's Representative: Kate Kittipanthopas - Lux Realty, Llc
- Seller's Representative: Eric Johnson - Compass
The buyer was represented by Kate Kittipanthopas from Lux Realty, Llc, while the seller was represented by Eric Johnson from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$119,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,940.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,595.04
Annual Debt Service$127,140.48
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