Updated Sep 9, 2024
Hakim Sadler's MIG Acquires Multifamily Property At 23 Morse St In Boston MA For $910,000
23 Morse Street, Boston, Massachusetts, USA
$910,000
$167/SF
Building Size
5,447 SF
Asset Type
MultiFamily
Closing
Mar 11, 2021
About this deal
AI
On March 12, 2021, a multifamily property located at 23 Morse Street in Boston, MA was sold for $910,000. The property spans a total of 5,447 square feet, resulting in a price per square foot of $167. The sale was represented by Hakim Sadler from MIG at Boston Trust Realty Group.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $910,000
- Address: 23 Morse Street, Boston, MA
- Market: Boston, MA
- BROKER: Hakim Sadler - MIG - Boston Trust Realty Group
- Square Footage: 5,447
- Price Per Square Foot: $167
Hakim Sadler, representing MIG at Boston Trust Realty Group, facilitated the sale of this multifamily property. The deal highlights the involvement of key individuals and companies in the transaction.
Players
Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
17.43%
Cash-on-Cash
-4.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93