SOLDMultiFamily
Geoffrey Lee & David Dobrowolski Facilitate $1.94M Sale Of Boston Multifamily
228 Corey Road
$1,935,500
$520/SF
Building Size
3,716 SF
Asset Type
MultiFamily
Closing
Jun 10, 2024
AI
The multifamily property at 228 Corey Road in Boston, MA, was sold for $1,935,500. The property spans 3,716 square feet, resulting in a price per square foot of $521.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,935,500
- Address: 228 Corey Road
- Market: Boston, MA
Geoffrey Lee from The Minuteman Realty Group acted as the buyer's representative in the deal, while David Dobrowolski from Block Realty represented the seller during the transaction.
Players
Brighton MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.20%
Cash-on-Cash
-2.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93