Tarek Ali Hassan Acquires Multifamily Property In East Boston For $1.6M
SOLD
$1,630,500
Massachusetts
See Similar DealsMultiFamily3,209 SF
Sold 06/26/2020
SOLD
Tarek Ali Hassan Acquires Multifamily Property In East Boston For $1.6M
238 Lexington Street, East Boston, Boston, MA 02128, USA
See Similar DealsMultiFamily3,209 SF
Sold 06/26/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$508
Total Square Footage:3,209 SF
Transaction Type:Sale
The multifamily property located at 238 Lexington Street in East Boston, Eagle Hill has been sold. The sale took place on 6/26/2020. The property has a total square footage of 3,209 and was sold for a price of $1,630,500, resulting in a price per square foot of $314.74.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,630,500
- Address: 238 Lexington Street
- Market: East Boston, Eagle Hill
Tarek Ali Hassan has purchased the property. The transaction was facilitated by broker Christine Girard.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$86,959.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,792.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,729.40
Annual Debt Service$92,752.82
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