Multifamily Property In East Boston, MA Sold For $1.46M With Brokers Nicoletta Longo & Realty Boston Team
224 Lexington Street
$1,460,000
$485/SF
Building Size
3,005 SF
Asset Type
MultiFamily
Closing
Jan 5, 2024
AI
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
East Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.87%
Cash-on-Cash
-3.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93