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Boston Trust Realty Group Acquires Multifamily Property On Barry St For $850K

Property Image
SOLD
$850,000

Massachusetts

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MultiFamily4,545 SF
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Property Image
SOLD

Boston Trust Realty Group Acquires Multifamily Property On Barry St For $850K

23 Barry St, Boston, Massachusetts, USA

See Similar Deals
MultiFamily4,545 SF
Sold
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$187
Total Square Footage:4545 SF
Transaction Type:Sale

A multifamily property located at 23-25 Barry St in Boston, MA has been sold for $850,000. The property consists of 3 units with a total square footage of 4,545. The price per unit is $283,333, and the price per square foot is $187.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $850,000
  • Units: 3
  • Price per Unit: $283,333
  • Square Footage: 4,545
  • Price per Square Foot: $187

The sale of the property was facilitated by Robert Nichols and Julian Addy from Boston Trust Realty Group.

Players

Julian Addy
22 deals$19.7M volume(646) 306-9848
BROKER

Robert Nichols
MIG Realty
44 deals$69M volume
BROKER

Boston Trust Realty Group
BROKERAGE

Details

SOLD
IMAGE: Robert Nichols & Julian Addy DATE: 11/22/2021 ADDRESS: 23-25 Barry St MARKET: Boston, MA ASSET TYPE: Multifamily BROKERS: Robert Nichols (@RobertlNichols) & Julian Addy (@JulianAddyRealEstate) - Boston Trust Realty Group (@BtRealtyGroup) SALE PRICE: $850,000 UNITS: 3 ~ PPU: $283,333 SF: 4,545 ~ PPSF: $187

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$45,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,019.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,029.43
Annual Debt Service$48,353.20