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Multifamily Property In East Boston, MA Sold For $1.46M With Brokers Nicoletta Longo & Realty Boston Team

Property Image
SOLD
$1,460,000

Massachusetts

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MultiFamily3,005 SF
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Property Image
SOLD

Multifamily Property In East Boston, MA Sold For $1.46M With Brokers Nicoletta Longo & Realty Boston Team

224 Lexington Street

See Similar Deals
MultiFamily3,005 SF
Sold 01/05/2024
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$485
Total Square Footage:3,005 SF
Transaction Type:Sale

A multifamily property located at 224 Lexington Street in East Boston, MA, has been sold for $1,460,000. The property spans 3,005 square feet, resulting in a price per square foot of $486.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,460,000
  • Square Feet: 3,005
  • Price per Square Foot: $486
  • Address: 224 Lexington Street, East Boston, MA
  • Market: East Boston, MA

The sale of this multifamily property was facilitated by brokers Nicoletta Longo and the Realty Boston Team of Century 21 Cityside. They played integral roles in ensuring the successful completion of this transaction.

Players

Nicoletta (Nico) Longo
4 deals$10.4M volume(617) 797-5043
BROKER

Details

SOLD
IMAGE: Nicoletta Longo DATE: 01/05/2024 ADDRESS: 224 Lexington Street MARKET: East Boston, MA ASSET TYPE: Multifamily BROKERS: Nicoletta Longo (@NicoJLongo) & Realty Boston Team - Century 21 Cityside (@Century21Cityside) SALE PRICE: $1,460,000 SF: 3,005 ~ PPSF: $486 NOTE: A multifamily property located at 224 Lexington Street in East Boston, MA, has been sold for $1,460,000. The transaction was facilitated by brokers Nicoletta Longo and the Realty Boston Team of Century 21 Cityside.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,187.07
Cash-on-Cash Return-1.27%
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