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Massimo Taurisano Of Domus Ave Realty Represents Buyer In $1.3M Boston Multifamily Sale
SOLD
$1,300,500
Massachusetts
See Similar DealsMultiFamily2,985 SF
Sold 08/13/2024
SOLD
Massimo Taurisano Of Domus Ave Realty Represents Buyer In $1.3M Boston Multifamily Sale
23-25 Brayton Road
See Similar DealsMultiFamily2,985 SF
Sold 08/13/2024
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$435
Total Square Footage:2,985 SF
Transaction Type:Sale
A two-family home located at 23-25 Brayton Road in Boston, MA, was sold for $1,300,500. The property encompasses 2,985 square feet and consists of two units priced at approximately $650,250 each. Built in 1920, it features hardwood floors and updated amenities. The asset is situated in the Oak Square area, offering views of the Newton Golf course.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,300,500
- Units: 2
- Price Per Unit: $650,250
- Square Footage: 2,985
- Price Per Square Foot: $436
- Buyer's Representative: Massimo Taurisano - Domus Ave Realty
- Seller's Representative: Zina Delanders - William Raveis Real Estate
The transaction was facilitated by Massimo Taurisano representing the buyer and Zina Delanders representing the seller. Both brokers are affiliated with their respective real estate agencies, ensuring a professional handling of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,360.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,620.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,165.03
Annual Debt Service$73,980.40
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