facebook


Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

224 Lexington Street

Updated Dec 4, 2024

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

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

About this deal

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.

On the Map

Open live map

$1,460,000

$485/SF

MultiFamily

View full map

Players

Nicoletta Longo

Century 21

Broker

$10.4M

vol

4 deals

Broker

East Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $485 per square foot on a published $1.5M for 3,005 square feet (2024).

Visit Nicoletta (Nico) Longo to view all their deals.

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

More Deals

Nearby Markets