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Boston Brokerage Group & Compass Facilitates $2.8M Sale Of Multifamily Property in Roxbury, MA
SOLD
$2,800,000
Massachusetts
See Similar DealsMultiFamily5,502 SF
Sold 01/31/2024
SOLD
Boston Brokerage Group & Compass Facilitates $2.8M Sale Of Multifamily Property in Roxbury, MA
228 Calumet Street
See Similar DealsMultiFamily5,502 SF
Sold 01/31/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$508
Total Square Footage:5,502 SF
Transaction Type:Sale
The multifamily property located at 228 Calumet Street in Roxbury, MA, was sold for $2.8 million. The property spans 5,502 square feet, resulting in a price per square foot of $509.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,800,000
- Address: 228 Calumet Street
- Market: Roxbury, MA
- Buyer's Rep: Alp Kantar - Boston Brokerage Group
- Seller's Rep: Mission Realty Advisors - Compass
Alp Kantar of Boston Brokerage Group represented the buyer, while Mission Realty Advisors of Compass represented the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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